Hello,
My question is probably really simple, but im only 19 and really have no exp in this area.
Anyways my question is; I have four CC and a total available balance of $5,400 with a current total balance of $1,604 spread over 2 of them, Which I'll have payed off by December. Last time I checked I had (between all 3) a 670-691 score. By paying off the $1,604 about how many points can i expect to increase on my total score? And would that put me into a qualifing range for a small car loan? I tried to get a $4000 car loan from my bank of 2 years last month and was denied for "high total revolving balances, and short credit history." Thanks in advance, and please feel free to give me all the advise you can 
Michael
Well, you are currently at 30% utlization on your CCs. You should see some increases as you work it down. Ideally, you should try to keep it under 10% for the best effect on your score.
As for how many points, no one can say with any certaintly as it depends on the rest of your credit report, credit age, etc. And none of us know the algorithms used to generate a FICO score since it isn't public knowledge. From my own experience I'd say at least 10 pts, but my credit history probably is much different then yours.
You current scores aren't that bad as I had no trouble getting a good rate on a loan with scores in that range. However, what is hurting you is your short credit history. Wait 6 months from the last time you applied and try again at your bank. The other thing you can do is join a credit union (open an account) and try to get a loan from them as they tend to be easier to work with.
30% is the percentage of your available credit line that you are using. You take the total owed on your revolving credit lines (credit and store cards) and divide by the total credit line available to get the percentage.
Joining a credit union is like joining a bank because they are essentially the same with 1 big difference. A bank is owned by its stock holders while a credit union is owned by its members. Thus a credit union isn't trying to maximize its profits at the expense of its account holders since those holders are the owners. That is why I long ago moved all my accounts to my CU and left BofA behind. To join a CU, all you have to do is open a savings account a leave a small amount in the account. The only thing credit wise that can happen is if you open a checking account they may pull your credit report leaving a hard inquiry on it (the same as what most banks would do). They most certainly will pull your report if you apply for a loan.