A credit report is a report card that financial institutions access to whenever any individual applies for credit.

And credit report contains history of how you’ve behaved when you’ve been granted credit: whether you’ve paid it on time, whether you’ve been slow to pay it back, and how many you’ve acquired since the first credit was granted. This, along with other variables, allows financial institutions to know whether or not you are “eligible” and up to what amount to be a beneficiary of a loan.

So, that’s why if you’ve been denied any credit, it’s because this report doesn’t give you good marks to your financial habits. That’s why it’s important to keep a good record, whether you need a credit card, a student loan or credit for your own business.

So, here is a list of those characteristics and habits that people with good credit report have. When you start applying this in your day to day life, you will have good credit report.

Make timely repayment

People who have a very good credit score and credit history are always mindful of payment deadlines. While it’s obvious that when you have a debt you always have to pay it, many people believe that doing so after the due date doesn’t have a problem.

But here’s the key: You have to pay on time, even before the payment deadline. For this, its best to establish an agreement with your bank so that the date is near money gets automatically debited from your bank account. If you do not have money to pay, its worth to negotiate with the bank because deadlines can always be extended.

A delay of a few days doesn’t really change your score too much. But if you want to have a good report, it’s always best to cancel before the deadline.

Never spend beyond the limit 

Those with good scores never use the maximum capacity of their credits. For example, in the case of a card that has an available credit of $4,000, the ideal is never to use it completely. Not just one, but all the credit products you’ve bought.

The lower the use of that limit, the more beneficial it will be to the individual, indicating that he or she can have self-control of his or her needs while not being afraid to borrow a little.

Use credit wisely

Of course, in order to have a credit history you have to use financial products that allow you to build credit. Among them, credit cards and consumer finance are the most common. Those with good scores get it and use them wisely and properly. They know when it’s worth doing it, on what products and services, and discard when it’s not.

That means there’s no fear of getting into debt. Having a good credit history opens the doors for getting access to credit in the future for many personal and professional needs.

Never become guarantors

They rarely lend themselves to being guarantors or co-debtors because they know the high risk it can pose not only to their own finances but also to their income. Those with good credit history are therefore not afraid to say “no” to friends or family because they prefer to maintain good relationship and a good report.

Never change financial products frequently

Although the conditions of your finance may change, when you frequently open or close financial products; but by doing this you are eliminating the record of good behavior you had with the bureaus and financial institutions. Of course, this doesn’t mean you can’t do it or you should not do it, but frequent changes should be avoided as much as possible.

This also means you are a “problematic customer” for the financial institutions as you are not loyal so they won’t offer you different products and not bet on you.