It is fascinating to know how important it is to have a good credit score in the United States. For those of us who are serious about living and achieving excellence in this country, it is important to have a very good credit score. In fact, it is the key to our financial life. For example, having a good credit score will provide access to lower insurance rates and interest rates on credit cards, as well as loans. Interestingly, it also offers access to affordable utility security deposits, the ability to get a phone contract with no money down, lower interest rates on home purchases, and approval easier for renting apartments and houses. In fact, many high-paying jobs will reject your application because of a low credit score. So what is a credit score? A credit score is a three-digit number, calculated by a mathematical formula using information obtained from your credit report. Credit scores range from 300 to 800. Usually, scores between 300 and 600 are considered poor or poor credit, while scores of 620 and above are considered excellent or good credit. So, the benefits of having a good credit score cannot be overstated. However, most Americans do not have a good credit score. The majority of this is due to reckless spending habits and the inability to manage “free money” effectively. Credit cards are not “free money”. These are debts that must be repaid. I'm going to illustrate a number of tips that went a long way toward improving my credit score from a poor 550 to an all-time high of 790. But first, let's continue this journey: A few years ago, after moving in the United States to continue my studies, I will, for the first time in my life, have a credit card. I had never seen before... middle of paper ...... in my friends and family. Please don't feed your fantasies. Spend your credit cards on needs, not wants. In conclusion, improving a low or lousy credit score (like mine three years ago) will take a lot of self-discipline, self-control, time and patience. Since debt owed on your credit cards didn't happen overnight, the process of rebuilding your credit for a better credit score won't happen overnight. Like I said, it’s a process; and since we all know that credit scores mean much more than any ordinary number, you need to take the time and effort to follow the steps I've talked about. For example, I was able to increase my credit score from a poor 550 to an all-time high (for me) 790 by simply following these simple, disciplined steps and I firmly believe that it is time to improve your credit score as well. credit..