Credit questions!?

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I just got my credit report online and it isn't as good as I thought it would be! It is only 450, however I have not a single late payment on anything reported in there! I'm not sure if anyone can help explain this and even give me some tips on how to improve it.

I have three credit payments, one on a car and two credit cards. One credit card has about a $100 balance left and the other around $20... If I pay these off and just keep them open will this help my numbers? One has been open for about a year, no late paymesnts. The other about 4 months. No late payments.

My car loan has been open around 7 months, again, no lates. Do these have to be open a year to effect my credit number, or does time frame not really matter as much?

I have about 8 hits on my report looking for credit. Several are from when I was looking for my first car and I got run through many creditors. The others where when I was trying to get my first credit card and to establish my credit.

Credit questions!?

There are several things that effect your credit rating, however 3 main items impact your rating the most.

1. Available credit on open, revolving accounts (credit cards).

2. Payment history - no late payments is the best

3. Length of credit history

The best things you can do is to keep your credit card balance as low as possible, additionally seek higher limits on your cards (be careful with this, you don't want to fall into the trap of higher limits = higher balance. Increasing your limit while keeping the same or lower balance increases your ratio of "available credit").

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Credit questions!?

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