About credit score

[vincentblake74]

Hi, I was reading something about car loan refinancing from here https://www.autoloansolutions.ca/blog/h ... bad-credit . I am not familiar with this kind of banking terms and procedures. In the blog, they have explained about refinancing with low credit score. I guess credit score is an important factor for all this. How can we improve our credit score to get loans at good interest rates? Thank you.

[Rmcdermott927]

A number of factors influence it including debt, open lines of credit, credit usage, bill payment history, hard pulls if you credit score (requesting loans), and past bankruptcies.

Limit your credit usage to 40% of your total credit line, pay bills on time, and age your accounts. All of these are easy ways to bring your score up.