Your credit score is one of the most important parts of your financial situation.
Poor credit can ruin you financially while good credit can do wonders to help you out.
When putting together your credit scores range the three main credit bureaus put a lot of things into consideration.
They look at you past payment history, credit history, job, income and so many other things.
Each category takes a different level of importance depending on the lender.
Knowing more about how your credit score is put together can help you to either prevent credit damage or help you know how to fix what you are doing wrong.
Credit scores range between three hundred and fifty and eight hundred and fifty, but there are smaller classifications in between those numbers.
The higher numbers from seven hundred to eight hundred are considered excellent credit, four hundred fifty to six hundred and fifty are considered average to lower credit, and four hundred and fifty and below are considered poor to bad credit.
Take the steps now to have good credit.
If you are new to credit, then start using it and using it wisely.
The best way to get good credit is to star using it a lot in small quantities that you know you can pay off.
The more of a track record you have of using credit wisely, the quicker your score will grow.
Don't apply for a lot of credit cards or look up your credit too much or it will hurt your credit as well.