Once people could not pay their bills, they began to build a report that did not benefit their credit score. (financiallitnow.org)
Provided that the account is not closed before you reach adulthood, it will benefit your credit score greatly by opening up your own lines of credit once you're old enough. (valuepenguin.com)
When it comes to determining which credit cards to cancel, bear in mind that store - brand or retail cards benefit your credit score less than those cards from major banks. (lendedu.com)