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Using credit card? Check out what mistakes you make & how you can avoid them easily! For more credit card details visit - https://www.ruloans.com/
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By applying for as many credit cards you come across will lead you to bad CIBIL Score.Therefore it is highly recommended to avoid such habits.
While co-signing a loan to your friend or closed one, make sure they can repay the loan amount on time. Such decisions should not be made on the basis of emotional sentiments, by co-signing loan for someone can affect your CIBIL Score too.
Many people just stop using their credit card which ultimately affects their Credit Score. Make sure you some or little transaction through credit card which will help you to boost your CIBIL Score
Even being aware of the credit score downfall, one should take important measures in order to boost your credit score. Being ignorant & letting your credit score slip won’t help you.
Many people do not cross check their Credit Report & believes it blindly. Such silly mistakes can create a great impact on your Credit Score. Therefore make sure there is no errors in your Credit Report.
Before applying for any credit card, do little market research in order to know which bank provides what credit deals. Compare these credit offers & choose a credit card deal which suits your needs & lifestyle. You can compare credit cards on RuLoans
Frequent job change can categories you in unstable job segment which gives you negative remark on your credit report. This also questions your credit repayment capacity.
Too much usage of credit can be dangerous sometimes, as you have to repay all the amount with the addition of interest. Its always advisable to use your credit only when its essential.
Closing or not using your other credit cards can lead you towards the downfall of credit score. Try minimum transaction if possible in a way to keep your credit card active.
It is very important to repay your credit on time without fail. Missing payment give negative remark o you Credit Report. It is very important as it also helps you to build a good credit history.