A. M. 
Having a good credit history is key to access loans with better conditions, such as lower interest rates and longer repayment terms. In El Salvador, financial institutions review this history to evaluate the risk of granting loans, so it is essential to maintain a solid reputation in the financial system. If you want to improve your credit profile, consider the following tips:
Pay your debts on time. Late payments can negatively affect your credit history, so it is crucial to stay current on all financial obligations.
1.Pay your debts on time
2. Reduce your outstanding balances
Try to keep your outstanding balances as low as possible. A high level of debt can negatively impact your credit, so it is advisable to pay more than the minimum required whenever possible.
3. Avoid applying for unnecessary credit
Every time you apply for new credit, an inquiry is made on your credit history, which can lower your score. Before applying for a loan or credit card, evaluate if you really need it and if you can meet the payments.
4. Check your credit history regularly
Request and review your credit report at least once a year to make sure all the information is correct. If you find errors, contact the credit bureaus to correct them.
5. Set a budget and stick to it
A well-planned budget helps you manage your income and expenses, ensuring that you can meet your financial obligations. It demonstrates to lenders that you are responsible with your finances.
By following these steps, you can strengthen your credit history and improve your chances of accessing loans with better terms.
