I've been wondering for awhile, just haven't posted it yet...

Question, now even though I'm an accounting major, I haven't learned much about this yet, so I'm still a novice.

I'm 19, I've had a credit card for about two years, I use it often and pay all my bills on time. I've never had an overdue bill and I have no outstanding loans or debts.

So given that, is my "credit score" perfect?

What makes a credit score perfect?

Sorry if its a retarded question.

I've been wondering for awhile, just haven't posted it yet...

Question, now even though I'm an accounting major, I haven't learned much about this yet, so I'm still a novice.

I'm 19, I've had a credit card for about two years, I use it often and pay all my bills on time. I've never had an overdue bill and I have no outstanding loans or debts.

So given that, is my "credit score" perfect?

What makes a credit score perfect?

Sorry if its a retarded question.
Itsh nawt wetahwded Willph. Duuuuuhhh. I tink dahh nummer ofth pewfecpht cwedit isth... 4. Naww. Umthph.... 6.

Also I have no fucking clue

Scoring algorithms vary somewhat, but in general, you haven't had credit for anywhere near long enough to have amassed a really high credit score, much less "perfect". (Parents should attempt to secure credit cards for their kids when they are born, if not sooner.) It helps to be rich enough relative to the credit extended such that there's zero worries about amassing a balance. Past a certain point, it's not so much a question of "will you get a non-stupid amount of credit" as "what are the T&Cs for that credit".

Basically, there are two things that enhance your credit score: putting yourself on the line, and coming through flawlessly.

"Putting yourself on the line" means having a savings account, having a stable job, having some valuable collateral, maybe having some investments, having some credit cards, taking out some loans, being older than your early 20s.

"Coming through flawlessly" means that when people extend you credit, you pay it off on time and in full.

Now, this isn't to say that a good credit rating is the be-all end-all. Sometimes you need slightly less than perfect to get the best offers.

Mxy is right. I worked as a loan officer for a couple of years, so I got to see a lot of credit scores for people around your age. While you won't have perfect credit because you're too young, you'll still have good credit. If you haven't missed any payment, my guess is that you'll be somewhere right around the 700 mark. The average credit is right around 670 now.

You're fine, but don't miss a payment. It's hard to come back from bad credit.

I've been wondering for awhile, just haven't posted it yet...

Question, now even though I'm an accounting major, I haven't learned much about this yet, so I'm still a novice.

I'm 19, I've had a credit card for about two years, I use it often and pay all my bills on time. I've never had an overdue bill and I have no outstanding loans or debts.

So given that, is my "credit score" perfect?

What makes a credit score perfect?

Sorry if its a retarded question.


You definitley need a longer credit history before you could have a perfect score..

I checked mine recently and while it was very good, one of the things that I had hurting me was that i didn't have any monthly payments on anything.. So basically my score was hurt because I don't owe anyone money..

It's confusing and has many factors contributing to it..

Just go to Myfico.com or annualcreditreport.com and check it out...

F R E E that spells free, credit report dot com, baby

Hay Glenn, didjou c that ad on yer TV?!

Make regular purchases on credit cards, occasionally pay only the minimum balance on large purchases, because the card companies like that. Then pay off the rest. (don't make that a habit and slip into debt though)
Take out a car loan, even if you can make the down payment in cash.
Be alive for 28 years.

And you should be rocking the boat near 800