A credit score is a three digit number that correlates to how financially trustworthy a person or company is. The higher the credit score the cheaper your interest rates are and more financially trustworthy.
When it comes to credit score and understanding your credit report card, usually many of us are not certain what to look or worst of all how to use credit to our advantage. In order to have winning results in anything, it is imperative to understand the key principles of the best strategy to use. Many people use credit as leverage to stay above water and trying to make ends meet, whereas, a few people use credit as leverage to generate and create wealth. This all starts with understanding how to manage your score and knowing that not all loans are the same. Below is a list, though not exhaustive but it will give an overview of the different sections to consider in regards to managing your credit.