mm80y2k

there is a way around this........................ I am 26 I got my first  credit score when I was 20 years old. My score now is 740 which is great.  I just got a home loan before that my score was 784.  Here is how to beat the system.  IF you cant get a loan or a credit card or you just want to boost your score this is how you do it if you are a young person.....    1 )  Only have open 2 credit cards   2) only have 2 installment loan open At one time.  3) only use no more than 7% of your available credit.  If you do this for about 18/mo your score will be Great.  4) close all other accounts.  Don't worry about the average age of accounts.  that is a small amount of your score.  Keep in mind 35% of everyones score in any age is based on if you've paid on time.  The most important thing to remember is if you are young like me and need help getting a loan of any kind student, car , House, credit ETC.  Only use local banks Regardless, move your FDIC accounts to them first.  Then speak to loan officers Directly.  Major banks only go by score not each person.  If you have 2 Grand in a bank and have a 620 score or higher go to a local bank and tell them what you need. Even if they suggest a secured loan product go for that.  IT will help you in the long run thats what I did.  TRUST ME ON THIS.  IF you need any more help contact me   Bugman@nc.rr.com    put in the subject line Credit Karma Question.