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Your credit score may or may not be something you are aware of at this time. Perhaps you have never even checked your credit. However, you should be aware of what your credit score is, and you should be educated about why  you should care about it.

Basically the higher the score you have the better credit you have. The lowest that you can have is about 375, and the highest is usually around 900.

A good score is usually between 620 to 650 is about average, but any lower than that is a person who is in serious hot water. Anyone who has about a 700 or more is consider probably "A-1" or a saint.

On the other hand, if you never use your credit that is not good either. Sellers like to see evidence that you have made purchases and have made them on time-not that you have never made any at all!

The Breakdown: What Makes a Credit Score

The credit score is 10% based on number of recent credit inquiries, and again 10% on the credit you currently hold. Another 15% of your credit score is based on the duration of the credit (length of time you hold it), and 30% of it is based on outstanding dept. The other 35% is base on how fast you make your payments.

If you have a Low Score

This is the time to get moving. You need to find a way to repair your credit and lenders' faith in you. It is never too late for a fresh start.

Be careful though not to be taken advantage of by unscrupulous credit card companies who bombard you with offers which are basically set at "loan shark" interest rates. If you are deceived by too many of these offers you may as well have just gambled your money away. 

37 Days to Clean Credit