Quoted:So, at the risk of sounding like an idiot (Hey, I ususally deal with cash)
If I've only got one account, but I've never ever missed a payment, thats good yeah?
Would it be better if i had several accounts with good history?
I will be finding my own place here within the next 6mos, and I dont know what landlords will look for.
Thanks.
It may look better if you get a few more lines of credit open.
Paying your utility bills doesn't improve your score. All it can do is hurt it. Stuff like credit cards, and loans that have a history associated with them will improve your score. You score will improve as your history with a company grows.
One way to screw yourself is to have one credit card with a low maximum like $2k. If you hit that maximum it will look bad a score check because when you look at the numbers you're using 100% of your available credit. Use less than 40% of your available credit and your score will be fine.
Basically, a credit score shows how you handle credit. If you're cash only but have no money problems a credit score won't show how you handle credit. As a result, you'll have a low credit score despite being a responsible person. It's a dance with the devil. You have to get into the game and use credit responsibly to be able to get money loaned to you a a good rate.