Did you know that a good credit score is for more than just getting a credit card? Lenders, landlords, insurers, utility companies and even employers rely on your credit score to decide whether or not to extend products and services to you.
Understanding what lends are looking for is the first step to building credit history. When borrowing for the first time, lenders are unable to look at your credit score or payment history and turn to alternative sources, such as:
Keeping your bank accounts in good standing, having steady income and paying your bill all play a part in preparing you to be a qualified buyer.
Knowing what can hurt your credit score is critical in helping you maintain and build good credit:
Your credit card score is calculated based on five categories that lender review:
Improve your score with the following tips:
To obtain a free copy of your credit report, visit freecreditreport.com.
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