1 / 8

What factors are important to maintain a good credit score?

A good credit score always helps in getting a good loan amount with minimum documentation. In case of a bad credit score, it becomes a hassle in accessing the loan. Read More : https://creditscorecheck788137243.wordpress.com/2020/11/17/what-factors-are-important-to-maintain-a-good-credit-score/

homeloan
Download Presentation

What factors are important to maintain a good credit score?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What factors are important to maintain a good credit score? The credit score is one of the most popular and relevant determining factors on which the loan providing financial institutions decide an individual’s or organization’s loan eligibility. A goodcredit scorealways helps in getting a good loan amount with minimum documentation. In case of a bad credit score, it becomes a hassle in accessing the loan. Hence, it becomes a necessity to maintain a good credit score.

  2. Checking your credit score There are many credit score check free tools available online on which you can check your credit score. Some provide great insights about your credit history and associated factors affecting the score. Hence, it will keep you updated with the track record of your financial credits and that will help you in evaluating the different dimensions to improve the score. It is always good to check your credit score monthly or quarterly.

  3. Ensuring timely repayment of the loans or debts you have  If you have some ongoing loans or credit card debts, you must pay them on the due date. Failure of payments on the due date results in a negative credit score for that period. If you are doing timely payment for all the credit card bills and loan amounts, then obviously you will have an excellent credit score.  

  4. Providing all the authentic information related to your bank accounts • When you are having a bank account or credit card with a bank or financial institution, you must provide an authentic address in a complete form, email id, and contact number. • Providing accurate and updated information will help you in proving your credibility and those become an add-on to a good credit score.

  5. Ensure reasonable credit utilization • Your available credit limit and the utilization of the credit limit should be somewhat reasonable. High credit utilization can bea red flag for the lenders and it could result in downfall of your good credit score.

  6. Good Credit Score Constant check and an eye on credit score can help you in considering the factors that are responsible for good band bad credit scores. Sensible use of your credit card and timely repayment of your monthly loan EMIs will surely maintain a good credit score against all your financial transaction.

  7. Clix Capital Services Pvt. Ltd. Address: 901b, 9th Floor, Two Horizon Centre, DLF Phase V Gurgaon, Haryana, India – 122002 Phone Number: 1800 200 9898 Website: https://creditscore.clix.capital

  8. Read More: https://creditscorecheck788137243.wordpress.com/2020/11/17/what-factors-are-important-to-maintain-a-good-credit-score/

More Related