Meaning of Credit Score
How do you get a credit score? The piechart breaks down the scoring areas, but I like to picture it a little differently.
Credit bureaus want to see that you’re responsible when you have access to lots of money. So even if you are REALLY responsible, but have one credit card with a small limit, your score won’t be at its full potential. You need to have access to lots of money (3-5 cards are recommended, avoid department store cards), then prove you are not a risk! [Read more…]