What is the difference between good credit and bad credit?

Question by kit: What is the difference between good credit and bad credit?
I have a lot of credit cards to pay and always make the minimum sometimes a little bit more then the minimum per month. But I don’t know the difference between good credit and bad credit. Does bad credit involve not paying your credit? what is the difference between these two terms?

Best answer:

Answer by B@t!$t@G!rL
You get bad credit by not paying your bills, not making payments on time, and this makes your credit score to drop. The lower your credit score, the higher your interest rates will be when you apply for any type of credit or loan.

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