686554_debt_and_demand_1.jpgYour credit history is bad, and you just have been refused a car lease. Surprised! Know how to build your good credit score.Credit score is basically finding out how you are worth to these leasing agents to find out if you are able to pay up if the lease is offered to you.

The credit score is based on the past and present credit history, and has a range of 350 to 850 points. The points from 720 upwards are known as “prime score” and will give you the best rates. Here if you are below 640 points you are considered “sub-prime” and it will be bad rating for you as far as leasing agents is concerned.

This is where the leasing agents will refuse you the lease. FICO (Fair Isaac Corporation) is the company which will give you your detailed credit score which is held by three leading credit score agencies in the USA. Compare all three and find out if there are any mistakes or errors in the score. If you find any thing which is not as per your records, contact that agency and get them to correct the error. If the credit score is right and you want to increase your score you will need to take some very big steps to reach the elusive level of 640 or more.

For that you will have to pay your credit card bills on time and do not purchase anything until you are sure that you will have the money to make the payment and improve your score.