I am 22 with a credit score of 635..should I be worried or is it normal?

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well i am paying for my own college education....so i guess im cool thanks

pretty good score. anything under a 620 is bad, and you would have a hard time getting a loan. But with a 635, you should be eligable for good rates. Just dont go crazy with credit cards!!! They can get you into LOTS of trouble. I am a loan officer, and would love to see people with a score of 635!!!! If you can build it up to 700, you would qualify for prime (best) rates. Keep up the good work!!!

It could be way worse

Well it is low but as long as you paid your bills on time just keep getting credit and build it up, it is no big deal as long as you are not in dept and not paying

No thats considered a good credit score, Not excellent but good
You could buy a car with that credit score

I feel like this is personal business that you probably shouldn't be broadcasting to the whole world. However, if you want to know the anser to your question, call up a local bank and see if you can talk to a financial advisor for free. However, you should probably call your bank if you want this service for free.

635 is a C- credit rating.

Have you filed for bankruptcy, or had a house foreclosed, or a car repoed?

If not, then it probably means that you have too high a balance on your existing cards.

thats not a bad score but you need to keep it there and try to raise it if you can. once your score drops its hard to bring it back up.

it is normal, it takes a while to build it, but that is good for your age

Do you have any credit? (Credit card, Car loan, Ect?) Its not really all that bad you are still young. Just keep building it up. You are between Poor and Fair, Get it to like 675 and it will be good.. Takes time and on time payments:)

Your credit score is fine at that number. Your biggest concern at this point should be your DTI (Debt to income ration). Which is the amount of debt you owe vs. the amount you make per year. This is the biggest determining factor when applying for big ticket items in the future like a home or vehicle loan. Its even more important than your payment history!

thats not bad given your age not a lot of time to build a score just keep paying your bills on time and it will rise fairley quickly

If I am not mistaken a good credit score should be in the 700 to 800 range. Its good that you are still young and you have time to improve it.

It could be higher, but based on your age I'm guessing you may not have a long credit history. Keep at least one card, even if you only use it occasionally and pay it off each month. This establishes length of credit.

Have different credit types. It's bad to have just credit cards. You want student loans or car loans or even better a mortgage if possible.

Never, ever charge up more than half of your credit limit on a single card.

Never make late payments.

If you get blemishes on your credit report fight to get them removed. Be nice when you call the creditor, explain the situation and ask for managers. Never yell or curse at them. Be stubborn, I once got the credit reporting agency to remove something because the creditor hadn't reported status for more than a year.

If something has gone into collection only agree to pay the collection if they will remove the blemish from your credit report. Get it in writing and write a statement on the back of the check with terms of endorsement saying as much.

yea keep up good flow

I'ts decent just keep working on doing better.
a few tips: don't make payments late, try and pay more than minimum, don't file bankruptcy, don't use over the credit limit and don't apply for credit cards to get free crap.

That is good, just keep the credit revolving and don't make any late payments.

It could be worse or better... you're pretty average at the moment. Just don't let it drop any lower then it is.

We should all be very worried about this right now!

Its not to bad at all for your age. I am 23 and know a lot of people our age with scores A LOT worse. Just dont do anything ot make it worse!

At the age of 22 that is actually a pretty decent score. Especially in today's economy.

While 800 is the best, anything from 600 - 700 is considered pretty damn good.

The only thing you stand to suffer from - and this is everyone in your age bracket (18 - 25), is CREDIT HISTORY. Bottom line is, you've only been "eligible" for credit for 4 years. So don't expect amazing Percentage Rates or large Credit lines.

It seems that whatever you're doing is working fine.

However, your credit score should not be your main concern. It's 'what are you doing with that credit?' The ONLY website that's of most importance is:
www.annualcreditreport.com - this is the ONLY authorized website for free credit reports by the Federal Gov't. ALL the others usually have some kind of gimmick to them. You get 3 choices to get your credit report (Equifax, Transunion, Experian) - I recommend Equifax or Experian - they're the most detailed, but YOU CAN GET ONE FROM ALL THREE FOR FREE. Remember that you only get 1 per year. You should check it every year.

Now, the last thing to remember is that at your age, as long as you've got a good job - you MUST start/continue to build your credit. ALWAYS make your payments on time. You must avoid that 30 day late charge AT ALL COSTS. This is what ruins most people's credit. Just ONE 30 day late fee can bump that APR on a new car up by 2-3 %. Speaking of a new car, what is your total debt? From my experience at 22 years old your total debt (car, all credit cards, etc added up) should not be more than 1/2 of your annual salary. 1/3 is probably best. If your total debt is over 1/2 of what you make in a year - at your age - you need to be more careful.

Back to Building your credit - as long as you're not in the debt bracket discussed above - one of the easiest things you can do to raise your credit is to own 2-3 credit cards and make purchases on them. Look for credit cards that have a grace period that if you pay the balance within the first 30 days of the transaction there's no finance charge. So use the credit cards for gas, groceries, etc. (not major purchases like tv's, computers, etc.) and then pay them off in that grace window. In a way it's a game, every once in a while - let a finance charge accumulate - get the balance up to $300 and then pay it off in 2 months instead of 1 month, etc. So that's the 'easiest way' to build credit. The "best" or "biggest" way to build credit is to make a large purchase, like a new car or something of that nature, and pay it off. Even if you pay it off with regular payments, 4-5 years, your score will be high at the end of that time period. Even better, would be to pay it off sooner - say 2-3 years - and this is absolutely possible by purchasing a car for its price instead of its "looks and extras." My first car was a piece of crap, a ford focus that was 1/3 the cost of what my budget could afford, but I bought it anyway. I had 5 years to pay it off but paid it off in less than 2 years. The very next month I took it back to the dealership and traded it in for the car I wanted, at an amazing APR. So make your first new car an "investment!!!" Get a 3-4 year contract on a $10-15K car and then pay it off in a year and 1/2.

All of these things work. I know from experience. By the age of 23 I had a 750 credit score and have maintained a score of 760 - 790 ever since.

Don't sweat. Stay within your means and pay your bills timely. Your credit score will be on the rise before you know it.

Good start for 22..........Make sure U get some revolving credit aswell,,this will help boost up that score

It's not great, perhaps you have too much CC debt.

that's not bad. That's in the "good" range

You are still young, so it is ok. Just pay more than the minimum credit and you can slightly increase the score. Don't have high balances on credit cards.

That is not so bad. I just bought a home with a lower score than that but you really need to try to get that score up a little at a time and do NOT let it slip any lower. Try disputing all your bad credit and maybe a couple of things will drop off and your credit score will go up a little bit.

Well, it kind of depends on when you started building your credit. If you just started, then I guess it's ok. It needs time to build up that score. If it's been over 2-3 years, I think you should bump up that score. Being above 700 will give you a better chance of getting a loan when you need it. I am 20 and last time I check, I have a score of 706. I started building my credit when I was 19.

well im 20 with $7,000 almost in credit card debt and i think im at like a 620..so ur good girl...lol

i am 34 with a credit score of 12 so i think you are doing o.k.

You should do what person number one said. I believe they're right.

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