When creditors look at your credit report they are looking for some
key indicators to predict future handling of credit lines. They want to see
that you pay your bills on time. You must pay back your debts in a timely
fashion. The best way to illustrate on time payment history is to make your
payments on time. It really is that simple.
Some leniency is granted for an occasional 30 day late payment on
revolving accounts. Also, creditors never want to see late mortgage payments or
late rent payments. They also compare your overall debt to your monthly gross
income.
Avoid having credit checks performed for you unless it is absolutely necessary.
These inquiries count against your credit score because you are applying
somewhere for credit that may turn into additional debt.
