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How do I have a high credit score?
I am 20 and just applied for my first credit card and I got approved. when I got my card it said that my credit score was 650. How is is so high even thought I never had a credit card. I do not have any loans. All I have is a checking account and a couple of CD’s?
Best answer:
Answer by Marion
You have a good debt to credit ration, which is a big factor in credit rating.
You have credit, no debt and some money in the bank. They like that.
When you have credit, use some of it, and repay it promptly and on time, they like that, too.
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