Credit Score
By ltpotter
@ltpotter (177)
United States
December 9, 2012 7:39am CST
Nobody likes being in debt right? Well if you want a good credit score that's exactly what you have to do to your self. You ask yourself really? Yes, that's how credit works. When you buy something off of credit your giving your self a little bit of debt. Then credit score is just you paying it off in time. So next time just save your money and buy something.
1 response
@maezee (41988)
• United States
3 Jan 13
Not necessarily though. The credit score comes from a lot of different things. On time payments, a long, good history, few hard inquiries, a good available balance to debt ratio, etc. If you have $20,000 in debt but paid your bills on time and had the accounts for a long time, and have $40,000 open credit, you probably have a good credit score, but it would be better if you had a $0 balance with a $40,000 open credit. The 'best' credit you have, I heard, is if you spend A LOT of money on your credit card and pay off the balance in full every month. I read that somewhere.
