Getting the Best Loan When Credit is Tight

CNN Money says that now --more than ever -- it pays to be a prime borrower.

While changes in the subprime market can be alarming, says the media source. However, not everyone is at risk: in fact, prime borrowers can still get competitive terms.

CNN outlines some basic steps you may want to take in order be considered a prime borrower in today's lending environment. They include:

• Pay down your debt balances
  
• Pay your bills on time
  
• Resist new credit
  
• Fix errors in your credit report