Learn about the 3Cs of good credit when you're applying for a credit card or credit. Find out what some creditors look at and follow these tips to help maintain healthy credit.
Creditors look at several key indicators when you apply for credit.
You have considerable control over these factors based on how you manage your credit, so it's important to always keep them in mind.
How responsible you are about paying bills on time.
Your ability to pay back a loan based on your income and financial position.
Security for the lender in case you don't pay back the loan. A house, for example, will be used to collateralize a mortgage.
Positively changing your "3 Cs" will help improve your credit standing. The first two Cs may be extremely important in developing your credit score or credit rating.
For ideas to how you responsibly manage your credit, visit the Citi Credit Knowledge Center at citi.com/creditknowledge