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  • Well, you have to keep up with payments like credit cards, houses, cars, etc.. You should only ever really apply for 1 credit card. Even applying for them could bring your credit score down. And there is so much more that could hurt it rather than help it.
  • Credit cards have so many benefits though. I didn't think they could hurt your credit score that much.
  • Well they can so you have to be careful. The range of credit scores can be anywhere from 300 to 850 so as long as you keep it closer to 850 you will be golden.
  • Dad, today I overheard some kids talking about credit scores. hey asked me what mine was but I don't even know what that is!
  • Well what is the purpose of a credit score?
  • Well, it is used to help companies decide whether or not they can give you loans or not
  • Oh! Well honey, a credit score is a three digit number that is derived from information contained within a credit report.
  • What! So if my credit score is bad I can't get a student loan for college?
  • Well what can I do to keep my credit score up??
  • Yep. They have to make sure you have good creditworthiness and are responsible enough and your credit score will reflect that
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