What determines if I have good credit or not? Is it bad to have little credit?

Just curious what my credit might be like. I have lived in a apt for the past 5 years, never been late. I have 1 credit card I use off and on. I have always made payments on time, but have never put a large amount on it. I know I have good credit, I guess I'm just asking does this mean I have no credit, and is this just like having bad credit?

You do have credit. That credit card is helping you to establish a track record of owing and paying off debt. That's a good thing! Now, depending on how many credit bureaus the card reports to, you may have already established a pretty good credit rating. Having one card is good - but not ideal. From a credit standpoint it's better to have 2 or 3 cards - all kept below 30% of the limit. It also helps to have a record of paying off installment loans - such as a car loan. As for whether or not having no credit is as bad as having bad credit - it isn't. It just means that you haven't established credit yet. When I bought my first home I was in that boat. You, on the other hand, are not. You have at least gotten started.

Hope this helps!

Yes. No credit or a limited credit history is viewed just like bad credit.