John Corraro | Source | Financial Planner at Barnum Financial Group

"If your entire financial life could be boiled down to one number, it would be your credit score. It's a three-digit figure that represents your history of borrowing and paying back money. The higher the score, the more trustworthy you're considered to be by creditors." John Corraro, Barnum Financial Group.

"Start using credit early. Don't wait to start using credit. Even if you open a credit card and charge $20 each month, you will make strides in building a strong history."

"Keep your credit utilization under 30 percent. Be sure you're not using up more than 30% of your available credit at any given time."

"Pay your bills on time. When it comes to your credit score, paying all your bills on time is the single best thing you can do."

"If you finds errors or missing accounts on your credit report ask your creditors to begin reporting your information to credit bureaus or move to a creditor that does regular reporting."