Repair Credit Score

Question: Unrealistic Credit Score?

I am a college student with a checking card, and a credit card I've had about a year but always pay in full on time, and thus, have never carried a balance. Also, I've never had a loan, though I've never missed a payment on a bill of any sort.

I just did one of those free credit estimators and it estimated my credit between 715 and 765. These are very good scores and I find it ridiculous that I would have a rating of even 715 with so little financial history.

Would this really be a ballpark range of my score, or does the estimator do a bad job of estimating credit for people in my age group?

Answer: Is that an unrealistic score. No.

But the fact is that your history is considered "thin" so any score really won't carry much weight. Most creditors and lenders like to see at least 2 years of solid history before they start to really consider your Credit Score.

If you just keep doing what you are doing, in paying on-time and paying off your card every month you will be just fine.

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