So, it’s all about how you manage the credit you have available to you and doing it well over time. “From a lender’s perspective, they don’t like surprises. “It takes three things to build strong credit: being diligent about making payments on time every single time, being consistent and being dull,” said Rod Griffin, senior director of public education and advocacy for Experian. But building a solid credit score takes time, particularly if you have your eyes set on that elusive 800 to 850 credit score. Your credit score helps determine whether a lender will approve you for a loan or line of credit, and the terms of that loan, including your interest rate. The three-digit number that makes up your credit score helps lenders deem your creditworthiness - or the likelihood that you’ll default on your payments, or not pay back what you borrow. They say Rome wasn’t built in a day, and neither is your credit score.
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