In our last guide, we went over credit basics. If you haven’t read that article, please go back and read it now. It provides a great foundation for everything you’re going to read here. It explains exactly what credit is, what goes into your credit history, and how credit agencies and lenders view your credit score. Today, we’re going to dive into the world of good and bad credit. This section of the guide will show you through the different stages of credit and what could be affecting your credit score positively or negatively. By the end of this guide you’ll know exactly why it is so important to have a good credit score and how a bad one could be holding you back. In addition, you’ll know the kinds of action that you can begin taking in order to get your credit score where you need it to be.

Have you had an application for a car, credit card, or home loan rejected? Maybe you didn’t know exactly why you couldn’t afford the things that you wanted. Your income is good, but you think your credit might be bad. Credit is a tricky thing and in order to take control over your credit history, you’ll need to understand how it got there in the first place. You’ll need to know exactly how banks, lenders, and credit agencies see your credit score. In addition, we’ll help you understand what could be holding back your score and how to get it exactly where you need it to be.

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