If you want to find out how credit-worthy you are, ordering a copy of your credit report is a great place to start. If you're disappointed with what you find on your credit report, there are ways to improve your credit, and eventually your credit score. Plus, these methods are much easier than you might think. While you may have to exercise some restraint, you'll see results if you stick to some basic credit repair techniques.
Your credit report reveals a great deal of information about your spending habits over an extended period of time. Your score is a reflection of how willing creditors and lenders are to extend you the courtesy of lower interest rates and better terms and conditions. The better your score, the more likely you are to reap the benefits for years to come.
One of the most important ways to improve your consumer credit score is to pay your bills on time. Many people have made the mistake of thinking a few missed payments here and there don't matter. Unfortunately, your payment history is one of the main factors in determining your credit score. Smart credit card holders avoid late payments by creating payment routines like automatic payments.
Another characteristic of people with good credit is their willingness to pay down their balances. Your outstanding balances influence your credit score. One way to prove to lenders that you're credit worthy is to pay off those balances. This is especially important if you're planning on financing a larger purchase like a home or an automobile in the future.