Click the hyperlink posted by (Tara) and read the article. Everything posted there is correct. The only other thing I would add to it is to do an annual check of your credit report and check for discrepancies in your report. This way you can monitor your credit and make any necessary changes needed to fix the report. Also when mixing up your different types of credit, make sure that they report to all three credit bureaus. Unfortunately, you will find some companies do not report to all three.