Credit Score Help

[witnesskb24]

Quick question, I looked up my credit score earlier and found out it is 650, which is below average
Now I was wondering how could it be like this?  I have never financed anything in my life and still live at home.  The only loans I have are 2 student loans which are less than $10k combined.  Is it the student loans that make my credit score low?

 

[xanadu one]

you don't start with a high score and have it dropped.

you have to build. you start at 0.



now how to build good credit is another question.

 

[mojodmonky1]

wow im surprised they even scored you at all with only 2 student loans.

basically what xanadu one said.

 

[witnesskb24]

Wow never knew that, i thought it was perfect to start with then dropped. Appreciate the info fams

 

[jimmybeanz]

Originally Posted by WITNESSkb24

Quick question, I looked up my credit score earlier and found out it is 650, which is below average
Now I was wondering how could it be like this?  I have never financed anything in my life and still live at home.  The only loans I have are 2 student loans which are less than $10k combined.  Is it the student loans that make my credit score low?

This is your problem. In order to build a credit history/score, it is good to have a credit card. In fact, it's good to have a couple credit cards, because more credit cards mean you have a higher credit limit, which makes you a more desirable customer.  What's BAD is to pay your bills (credit, utility, car note, etc.) late, max out your limit, etc.  
go to bankrate.com and learn young man