This document discusses the importance of credit and how credit scores are determined. A good credit score can help with obtaining credit cards, mortgages, auto loans, renting apartments, and jobs. Payment history, credit utilization ratio, length of credit history, and type of accounts all factor into credit scores. Payment history alone accounts for 35% of a credit score, while credit utilization ratio accounts for 30% and length of history and new accounts make up 25%. Maintaining good payment history, low credit utilization, and an established credit history will help achieve higher credit scores.