Your credit history is what banks and other lenders look at to determine your ability to repay debt. The more confidence the lender has in you, the more money they will lend and the lower the interest rate you'll receive. It's really quite simple - to build a solid credit history and high credit score, pay your bills on time and don't overextend yourself.

Build your credit

If you don't have a well-established credit history - build one slowly. Begin with smaller credit cards, such as department store cards or gasoline cards. Make small purchases and pay your bills on time. Over time, you will be an established, responsible borrower. This will help you as your credit needs grow&house, car, etc.

Monitor your credit report

Sometimes your credit report may contain inaccuracies. These inaccuracies may be caused by simple errors or fraudulent activities. Either way, it's up to you to clear your name. The Fair Credit Reporting Act ensures your right to dispute such inaccuracies without charge.

Below are the three largest credit reporting agencies in the United States. You may contact them for a copy of your report. You may be charged a small fee.

It's never too late to improve your credit.

	Even if you've had credit problems in the past, it's never too late to begin repairing your credit history. Here are some tips to keep in mind:
	If credit cards have gotten you in trouble before or you recently consolidated your credit card debt, the safest thing you can do is close those accounts. Close and cut them up, or you could end up worse off than before. Make all of your credit card and loan payments on time. Don't borrow excessively. Regularly check your credit report for inaccuracies