Randa Hessell: Im not sure ALL of what affects your credit score. I know car loans, credit cards, and paying most bills on time every month counts.And pretty much, no credit IS bad credit by default. Their are easy, yet complicated ways to start your credit out. Go to your local CREDIT UNION (usually after maintaining a job at least 3 months) and apply for a starter loan (usually about $200 you pay off in 6 months. low interest) and then the next level. $500.... pay off and AGAIN... the next level $700. My sister did that having 500 credit score. now she has about a 650...Show more
Morris Olexy: Collections, judgements, using more than 30% of your available credit, bankruptcy, repos, evictions, late payments like 30, 60, 90, days late etc.. and yes no credit is like having bad credit, because you dont have a score, unless you have something positive reporting for 6 months in good standing.
Hwa Waterford: Unless you pay cash for everything you buy, a ! lot of things will require you to have a decent credit score... so it's good to get a credit card because it helps you build a credit score.My tips to build good credit score:Only buy one card. This will help you stay organized with your finances, and it's all you really need.Pay the full amount you can every month. Pay on time every time.This is a good way to have a credit score that will always go up. You don't need to make big purchases to build credit either. I use my credit card just for gas, food, and random small things. As long as you pay on time and in full, your score will continually go up....Show more
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