How to Have a Good Credit Score

If you’re using a lot of credit cards and are desperate to know how to finally have a good credit score so you can get that car loan, you’ve come to the right place. Many people don’t understand how a bad credit score can affect their finances and how it can restrain them from making more loans.

Basically, a credit score is a warning sign that tells banks and lenders whether you’re a risk or you’re a worthy customer that pays their debts in time, always. The score you’ve obtained is what is from the information provided on your own credit report.

For example, when you apply for a loan or a mortgage, a lender can quickly look over your credit score and see how much debt you’re in and if it’s worth giving you the money or not. Moreover, it helps them see what kind of person you are and if you pay your debts in time which will show them that you’re a well-thought person that keeps their credits and finances in order.

However, I’m not going to load your brain with all the information on how your credit score is calculated but rather help you with something better and more useful: How to make your score better? This is the question millions of Americans (but not only) ask themselves each passing day, without making the effort of doing any research.

There are some important factors all companies, including banks, will look over every time you ask for a loan and will determine whether you will get it or not. The factors that might even determine your future are:

  • They will look over how you’ve behaved with the credit cards you’ve acquired recently and see how much you used them, how much debt you have and how much you paid off/how much you have left to pay.
  • They will definitely look at your payment history to see whether you’re making regulated payments or just chaotic payments whenever you remember to.
  • They will look at for how long you had your credit and the older you are the client the better for you.
  • They will see what your experience with credit cards are and finally, in how much debt you are at that moment.


Please note that banks, as well as other lenders, WILL NOT give you loans if you’re considered to be a risk, because they have no reasons to take risks. So, pay your debts in time and make sure to look as clean as possible. That meaning, regulate your payments and NEVER go over the credit limit. Always pay before you’re about to cross that limit.

If you follow these steps you are most likely guaranteed to finally get a score above 680 that will increase your chances of getting loans.