Articles & Advice by Tag - building credit

Building Your Credit Score Your credit score, in brief, is a value between 300 and 850 given to you based on your financial history, with higher being optimal.

…history — 15% (refers to how long you have been using credit) Type of credit — 10% (concerns the mix of credit, i.e., credit cards, retail credit, installment loans, etc.)…

Credit Card: Getting a credit card is important in building your credit score. To minimize extraneous expenses, choose a card with no annual fee.

Credit Cards Credit cards are tricky. I recommend students try to get one solid credit card, from their bank if possible. I like credit cards for a few reasons.