Payment history and amounts o are the primary considerations, and usually, it is these that prevent people from getting good credit scores. Your payment history, how much you owe, the length of your credit history, new applications for credit, and the types of credit you use. In a small notebook, ledger, or in an Excel file on your computer, list down your expenses on a daily basis for the next two months. Lenders want to be assured that they'll be paid - and on time - and that you'll manage the funds well. Budgeting Your Way Towards a Good Credit Score The FICO score is computed based on five main criteria. The key to achieving a good credit score is to know where your money goes. List down every single item you spend for, whether through cash, ATM, or your credit or debit card. The first thing you should do to achieve a good credit rating is to make sure your expenses don't exceed your income and that there's still money left over afterwards.

Make sure you include all the bills as well as savings accounts, credit card payments, and loans.