Is my credit score weak because I only have 6 months of credit experience?

Question by natashaiera: Is my credit score weak because I only have 6 months of credit experience?
I got a letter back and my credit score is only 665. I only have 6 months of credit history, but all of my credit cards do have a pretty high balance, although I pay them all on time and I just opened an account with AT&T last month. Is my credit going to stay this bad as long as I keep a high balance on my credit cards? Or is it just high because I do not have a lot of credit experience?

Best answer:

Answer by jlf
Both. High balances and a short credit history both lower your credit scores. Get the balances down (they are also costing you lots of interest). The short credit history self-corrects with time.

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