oh and for those who dont know how credit works.. some helpful info.

There are about a half dozen things in your credit history that are used to figure out your credit score. Not sure the current numbers, but in general.

1) Your income and current worth/holdings (such as a paid for house, etc)
2) Your history of credit payment. Paying late on stuff lowers rating, paying on time is better of course
3) Your max credit available. For instance if you have 3 credit cards, each with 2500 limit, giving you a 7500 credit limit. Having a higher credit limit of course is better than lower. Someone with 100k credit limit is better than someone with 10k.
4) Your max cerdit limit compared to what you currently owe. 10% is usually the magic number. If you have 3 credit cards with a 2500 limit, and you owe less than 250 dollars on each, thats good. If you have a lot of debt on them, not good.
5) a few other things, can't remember them off hand

some other things.

When you have loans, car loans, personal loans, or other type of payments. Usually for the first 40%-50% of the loan or payment, you credit actually goes down. This reflects that the loan is new, and most people have problems on new loans, and your payments on the loan aren't noted as a positive history. After your each 50% or so, THEN your credit actually goes up since you have a prooven track record. For instance, you have a car loan of 20,000 dollars over 6 years. For the first 3 years and 10,000 dollars you pay, your credit actually goes down a little because you don't have a prooven safe track record. After you hit the half way point (it used to be 40%, not sure currently so i say 50%) then your credit goes up since its showing you are paying on time, doing good, have past the "danger" point that most have with loans, etc.

Anyone building up their credit score usually make sure to pay off any such loans, etc up to 50% as fast as possible, in order to start building positive credit. A good way for those using multiple loans to build credit score by paying off half right away, then letting the monthy payments for the 2nd half build over time raising your score. Example. Borrow 3000 dollars, paying 100 a month for 30 months. Take 1500 of that loan and pay that right away, lowering the loan to 1500 dollars for 15 months. This will give you 15 months of positive credit building.