CREDIT RATING What is a 'Credit Rating' ? A Credit Rating is an assessment of the creditworthiness of a borrower in general terms or with respect to a particular debt or financial obligation.
8 Ways to Keep and maintain Good Credit: 1. Manage your finances wisely and use common sense. 2. Pay your bills on time. 3. Don’t borrow more than you can afford to repay in a reasonable length of time. 4. Don’t apply for credit too often. 5. Establish emergency savings. This will help you to not rely on credit when tough times come or unexpected things happen. 6. If something bad should happen, communicate with your creditors right away. 7. Resolve all credit disputes quickly. Although you may think you are in the right, if the dispute drags on and you don’t make your payments, your credit rating will be hurt—even if the problem wasn’t your fault. 8. Check your credit report once a year to make sure that no one else has applied for credit using your name.
For more details visit https://www.credit720.ca/ or call (403) 337-4000