Credit Newsletter

Zack Kupfer

Credit Score explained

Credit score is a number that measures how good you are at paying back the bank for your credit card purchases.


You get a good score if you...

  • Pay payments on time or even early
  • Have low debt
  • Have a long history with the bank
  • Have a limited number of credit cards


Credit score is measured between 0 and 1,000. You want your credit score to be as high as possible. If your credit score is too low, the bank may decide to not give you loans on big purchases such as a house or a car.

Credit Cards

Because credit score naturally goes up the longer you have a credit card, it is a good idea to get a credit card when you turn 18. It's always a good idea to start small, a small limit will stop you from getting neck high in debt before you turn 20.


The annual amount to pay for a credit card ranges from 15-100 dollars. And interest can range from 0%-29%, but interest only applies if you miss the due date.


To avoid paying interest, it is best to pay payments in full, instead of falling into the minimum payment trap.


Credit cards can help stimulate or depress the economy. They can allow people to buy more goods, or they can trap people in so much debt that they can no longer get out of it. Sadly, most people get caught in debt.