By learning how to make your credit rating better you increase your likelihood of qualifying for the best credit card offers.

Credit card companies really focus on your credit score because it tells them whether or not you are able to make your payments on time. Improving your credit rating can be done but initially you will need to find out where you are at with your credit. There are different facets used to determine your credit score.

The Importance of Your Credit Record

You can get a good idea of how a person’s ability to pay is by looking at their credit history. If the creditor sees an excellent credit history it shows them that you are very likely to pay your bills on time. Then again if your credit history shows that you skip some of your payments you are given a very low credit scoreWith a poor credit score you are deemed as high risk to the credit card companies.

If you are assessed with poor credit your cost to use a credit card is incredibly high. Your interest rates (if you are approved) will be very high and expensive for any type of credit extended to you whether it be an auto loan, mortgage on a house, business loan or a credit card.

Checking Your Credit Score Report During The Credit Card Apply Process

It would be wise to retrieve your FICO score or credit score to see what credit card companies see

If you check your credit score yourself it does not affect your FICO score negatively at all. MyFICO.com is an excellent service that returns your credit score an other details of your credit history. Recommended by Suze Orman herself. Using MyFICO.com’s service you will be able to run your FICO score with all three credit reporting companies: Transunion, Equifax and Experian. It will analyze your credit standing along with the rest of your financial information and give you advice on how to improve your credit score.

The credit scores that you get from Experian, Transunion and Equifax will not be the same but close. Creditors will usually take the average or median score of the 3 bureaus. Each person is infinitely different from another person financially.

Apply the recommendations from MyFICO.com and you will see a number of improvements in your score to which you can then feel confident in applying for a credit card that requires better credit.