Home » Finance » Credit

Good Credit - How Can You Have It

Apr 10, 2008
All of us would like to have a good credit score. This is why there are so many tips to repair our credits. However, the best way to tackle the problem is that we try to avoid a bad credit. Instead we have to take measures such that we can have good credit.

In fact, there are quite a number of advantages if you have a good credit. The most important one is probably that you may have a chance to get a lower interest rate when you are seeking for loans. The reduction in interest rate may mean saving thousands of dollars.

As a result, you should try your best to build a good credit. The followings are some tips for you.

Firstly, you have to pay all your bills on time. This is very important. Since the creditors or lenders will take your past history of payment into account when they are considering loans to you. It is not difficult to understand this. If you do not always pay the bills on time, the lenders will probably believe that you will not repay the loans on time. Then the risk associated with your loan will be a lot higher. Of course this may not be totally true but this will probably be the perception of the lender after revealing your past paying history. So, remember to pay them on time!

Some people will be reluctant to use a credit card. In fact, there is nothing wrong with credit cards. However, you should try to use them smartly. You should make sure that you will be able to pay the credit card bills. This is the way to demonstrate to the lenders or creditors that the risk of lending to your is very low since you will repay the debt without any problem. However, it is normally suggested you should never have more than five cards otherwise it will create other problems.

For the credit card debts, it is sometimes very difficult for us to pay off all of them at once. However, you should try to at least pay for the minimum. Again, this is associated with the risk of the lenders when they are considering a loan to you. If you fail to pay even the minimum due, it will mean to the lenders that you are unable to repay and the lenders may increase the interest rate even if they decide to approve your application eventually.
About the Author
The author has great interest in finance. You can check his blog on News Finance Forex and Insurance Tips . Be sure to check Credit Cards with Cash Rebate and Comparison Shopping for Mortgage Loan Leads .
Rating:
Please Rate:
(Average: Not rated)
Views: 161
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources