It is extremely important to have a good credit rating. Credit ratings affect your ability to get any type of credit such as mortgages, car loans, or credit cards. They may even affect your ability to get utilities or rent an apartment.
How do you get a good credit rating? Always pay your payments and bills on time. If you do get behind, pay as soon as possible and contact your creditors for options on catching up on payments. Medical bills and other bills also affect your credit rating, so set up a payment plan and stick to it.
Most credit reporting agencies now give you a credit score, which may also impact the interest rate you pay on credit products.
Make sure your credit report is accurate. You credit report should be reviewed periodically. You have rights to ensure your credit report is correct. If it is wrong, you can get it corrected.