The best way to maintain your credit rating is to repay your debt on time. Timely payment is one of the most effective ways in which to determine yourself as an honest credit risk to future lenders.
Of the quintet, capacity—basically, the borrower's ability to get income to service the interest and principal on a loan—generally ranks because the most vital.
Good credit rating is the make-or-break detail that determines whether or not you get a mortgage, auto loan or student loan. Bad credit, on the other hand, can create it tough to induce a MasterCard with a coffee charge per unit and dearer to borrow cash for any purpose.
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