Payment History, A Large Part Of Your Credit Score:

Repayment history is a record of monthly payment status on individual's credit report listed since the time the accounts were established. A payment history is an indication for lenders and creditors whether an individual is a lending risk due to a history of late or missed payments. Payment history is a big part of your overall credit score. Paying on time can mean the difference between average and exceptional credit. If you have a history of paying on time across most of your accounts then you have a great credit score and you will not face much difficulty while availing loans.

i. Pay your bills on time:
Paying bills late has a negative effect on your score. If you’ve paid late, how late were you - 30 days, 60 days, or 90+ days? The later you are, the worse it is for your score.

ii. Be clean legally:
Do you have any charge offs, debt settlements, bankruptcies, foreclosures, suits, wage attachments, liens or judgments against you? These are some of the worst things to have on your credit report from a lender’s perspective.