Creditors look at several key indicators when you apply for credit. You have considerable control over these factors based on how you manage your credit, so it's important to always keep them in mind.
The 3 Cs of good credit
Client History–How responsible you are about paying bills on time.
Capacity–Your ability to pay back a loan based on your income and financial position.
Collateral–Security for the lender in case you don't pay back the loan. A house, for example, would be used to collateralize a mortgage.
Positively changing your "3 Cs" will help improve your credit standing. The first two Cs are extremely important in developing your credit score or credit rating.