Your credit rating is an important factor in securing a loan. Credit rating is a numerical score that is determined by your past payment history, the amount of debt you’re carrying, and your current income. There are a number of companies that measure and document these scores, making them available for lenders to use in determining loan eligibility. A higher credit score means better interest rates on loans. You can raise yours by making sure you pay your accounts on time, and paying down your unsecured credit. Let us know if you have any questions about your current credit score. Autorefin Vehicle and Asset Finance (AVF) can help you make a budget plan to lower it.