November 28th, 2009 
Tyler Armstrong Be kept in the dark about your credit rating no longer. In this article, I am going to demystify the main factors that play into your credit rating. It is extremely important that you know what has an effect on your rating and what does not.
A credit score can be somewhat of a mysterious thing to many people, because the information about what specific things have an effect on your credit score isn’t exactly out there in the open for you. The truth of the matter is that while a credit score is a complicated thing, there are a few specific factors that affect your credit rating more than anything else.
Your history of paying your credit cards on time is crucial if you want to have a good credit score. No one likes to part with their hard earned money every month, but the truth is that it is almost impossible to have a good credit score with too many late credit card or loan payments on your record.
After paying your credit card payments on time, the best thing you can do for your credit score is to try and keep your balances on your credit cards as low as possible. Think about it; would you want to loan additional money to a friend who was already up to his ears in debt? Neither would your lenders.
The length of time that you’ve had your credit accounts open is a third factor. While not as important as the previous two things that we discussed, the average age of your credit accounts continues to be an extremely important part of determining your overall credit score.
Those three factors are not the only things that will determine your credit rating, but from my experience those three things are all you need to focus on if you want to establish a healthy credit profile.
Don’t over complicate this. To maintain a healthy credit score, simply pay your credit card bills on time, keep your balances down, and keep your accounts open for long periods of time. By following that simple three step method, you will begin to build an extremely potent credit rating, even if it takes a few years.
If your credit score is already messed up or you just don’t know your score, don’t worry. This website can help: Increase Your Credit Score.
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My credit score last year got lower because i have some unpaid bills on my credit card company and i also lost my job.*:”
My credit score last year got lower because i have some unpaid bills on my credit card company and i also lost my job.`,;
in this times of economic recession, sometimes it is difficult to have a great credit score`~: