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I am a 19 year old male, i always make sure i make my payments weeks before due dates. What determines my credit score? To be honest i was expecting higher and i was rather disappointed…

8 Thoughts on I have a 733 credit score, I always made my payments weeks prior to due dates, why isn’t it higher?
  1. Reply
    Lauren F
    March 2, 2013 at 3:05 am

    First, a 733 credit score is quite good for someone your age. Even the majority of adults in their 30’s and 40’s don’t have a score this high.

    It is probably because your history with credit is relatively short (less than 6 years). Another contributing factor is you probably only a couple of loans or payments that report your activity to the credit bureaus. For example, student loans, car loans and credit cards do report. Rent, cell phones, utilities do not report, so therefore your good behavior doesn’t show up there.

    To see what is on your report, go to and download a copy for free. You will see who is reporting and what they are saying about you.

    Otherwise, just keep up your good habits and the score will improve with time.

  2. Reply
    March 2, 2013 at 3:48 am

    Payment history is the biggest factor, but its not the only factor.

    You want to make sure you keep your balances on revolving accounts at or below 30% of the maximum. So if you have a credit card with a $ 1,000 limit, never charge up a balance higher than $ 300.

    Also, since you’re 19, it probably just a lack of history that is keeping you from being higher. That’s not bad, and you can’t do much about it, but it can make the difference of a few points.

    Realistically, 733 is nothing to worry about. Most loan programs give the best terms and rates to anyone over 720. There’s really no practical difference between 720 or 800+. Don’t worship your FICO score, just be responsible with your money, used credit wisely and sparingly and pay it off when you do use it, and you’re credit score will naturally reflect your responsible money management.

  3. Reply
    March 2, 2013 at 4:32 am

    You have relatively good credit score. Payment history is one of the major criteria for credit score and it’s constitutes about 35% of your credit score. That’s why you are seeing good score. There are other 4 factors that contributes 65% of your credit score. Those are debt ratio, age of your credit history, nature of debts and credit pattern.

    You may find the article useful to know more

  4. Reply
    March 2, 2013 at 5:08 am

    Credit scores are based on the following factors period.

    1. Payment history (longer the better) 35%
    2. Time in bureau (longer the better) 15%
    3. Types of credit (mix or revolving & installment) 10%
    4. New credit (inquiries & new accounts fewer the better) 10%
    5. Debt to credit ratio (lower the better) 30%

    Your biggest problem is you have not been in the bureaus long enough, don’t have a long enough payment history, most likely don’t have the credit profile needed (your file is thin).

    All of these can only be fixed by time, to only be 19 and have a score of 733 is actually quite good.

  5. Reply
    March 2, 2013 at 6:05 am

    Your age does affect your credit score; because you wasn’t able to use your credit until you turned 18. Give it another 12 months, then it should get higher if you charge 30% of the credit limit and pay it in full on time, every time. Opening a new account helps also. If you have account that were opened a year ago is no longer consider a new account. The factors are calculated and evaluated by all three credit bureaus; so make sure that your credit score is around the same. If they are not, then that would mean that your good credit history is not reported to all three credit bureaus. Give it some time; because you are only 19; but with excellent credit. You will reach your goal, it just will take a little more time.

  6. Reply
    Doctor Deth
    March 2, 2013 at 7:03 am

    733 is probably higher than 95+% of the scores out there – you don’t have a long enough credit history to be any higher – you’re only 19 – why do you need it any higher?

  7. Reply
    March 2, 2013 at 7:17 am

    A credit score of 733 is very high for a 19 year old. It takes several years to build a higher score. This cannot be accomplished before age 20, simply because there is not enough time. Be patient. If you continue to make all required payments on time and in the required amounts, you score will increase, eventually, but not instantly.

  8. Reply
    Jeff T
    March 2, 2013 at 8:03 am

    Because you don’t have a 30 year history of making payments on time.

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