Tips for good credit score: Follow your credit score

Tips for good credit score: Follow your credit score

Tips for good credit score: If you take a loan or apply for a new credit card, the banks will consider your credit score before accepting your application. A high credit score not only helps you get loans with comfortable conditions, but also helps you get loans at low interest rates.

If less than 650 ..

You need to check your credit score from time to time. If your score falls in an impressive category, which means if it is less than 650, it is time to take steps to improve credit scores. Here we share some useful tips that will help you improve your score significantly.

5 tips for a good credit score

Pay your bills on time

First, do not keep your payment pending. Make sure your bills are cleaned in a timely manner. Keep in mind that the amount of backlog after the end – regardless of the amount – large or small. In some extreme conditions, you may want to pay the minimum amount. But, do not follow the same method for every payment. When you delay the bill payment, it can negatively impact your credit score.

Keep the curve an optimal

Another major factor affecting your credit score is your credit use ratio (CUR). To maintain an excellent credit score, you need to keep your curve less than 30 percent. Cur means the amount you spent with the credit card, and the ratio of your total credit limit. For example, if you use the credit limit available with you, if you use 4 lakh rupees, your curve will be 40 %. Make sure your curve is less than 30%. More than 30% can have a negative effect on credit scores.

Keep cards with a reasonable number

As mentioned above, CUR maintains cards beyond one of 30%. That is, if CUR is more than 30% on a card, make that cost with a separate card. Card users will have to spend within their Cur range. Therefore, if your requirement is more than the credit limit quantity, you can take another credit card to increase your credit limit. This means that more cards can help you improve your credit score.

loan amount

The main tip of the credit score is that you only need to borrow the amount you need. Do not take loans beyond the need. Because the loan amount is so high in the long run, it can be difficult to repay. It also affects your borrowing ability when you actually need money in the future.

Correct credit mix

A good credit score is a healthy credit mixture to maintenance. Healthy credit mix has various categories, which are safe loans, such as safe loans, un -calls and credit cards.


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