Keep The Credit Right

by:Iram

Definition

The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future. It is important because you need it to buy big stuff like a house, vehicles.You need a good credit so that they allow you to buy big stuff or else they wont let you buy anything with a bad credit.
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3 habits

  1. I buy stuff that's worth helping my credit
  2. I pay all my bills on time
  3. Pay more then minimum
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Definition

A number assigned to a person that indicates a lenders their capacity to repay a loan.
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Good & Bad Credit Score

A good credit score is from 700-750. A bad credit score is from 300-580.
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How to Improve Credit Score

To improve it you have to pay bills on time, paying more than the minimum, and buying big stuff that would help with your credit score.

How to Maintain Credit Score Good

Paying bills on time. Don't get close to your credit limit. Keeping a long credit history will help your credit.