Understand and improve your credit rating
A credit score is a three-digit number that represents your creditworthiness, typically ranging from 300 to 850. Lenders use this score to determine how likely you are to repay borrowed money.
Higher scores indicate better creditworthiness and can result in lower interest rates and better loan terms.
Your track record of making payments on time.
The amount of credit you're using compared to your limits.
How long you've had credit accounts open.
Variety of credit types (credit cards, loans, etc.).
Recent credit inquiries and new accounts.
Set up automatic payments to never miss a due date.
Aim to use less than 30% of your available credit.
Keep old credit cards open to maintain credit history length.
Only apply for credit when necessary.