Now that you know about some different types of credit, let's talk about what you can do to improve your chances of qualifying for credit.

In this post you'll find out what lenders consider when they decide whether or not to give you a loan. And we'll give you some tips on how you can monitor and improve your own financial health.

What does a lender look at to determine if you should be approved for a loan? They base their decisions on something we call the five Cs of credit. The five Cs are:

Capacity -- your ability to repay the loan.

Capital -- what you have in assets.

Credit can be a very powerful tool to help you achieve your financial goals. But like any powerful tool, you have to understand how to Manage Your Debt and how it works, or it can get you into trouble.

In this post you'll learn about the basics of credit, like the terms you should know, the different types of credit available, how to compare costs, and the appropriate use of credit.