1 / 7

How to improve and maintain your credit score

Maintain a good credit score to get smooth approval and a low rate of interest. A free credit score check is available on the Clix Capital website to make sure you stay updated. If you find any doubt about your score, you can check the report for a detailed explanation. https://www.clix.capital/check-credit-score/

homeloan
Download Presentation

How to improve and maintain your 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. How to improve and maintain your credit score No one likes to face a rejection at a time of crisis or emergency. It is important to maintain your credit eligibility to open new opportunities for finance at the time of need. A loan provider’s only concern is security and there is no possibility of default. A free credit score is a three-digit score that indicates the creditworthiness and credit health of an individual. Based on this score, a loan provider makes the decision of approval or denial.

  2. What is a Credit Score? • There are various ways to improve and maintain a good credit score above 750. A score above 750 makes it easy for you to borrow without any problems. However, to maintain a score above 750, you need to work on it. Here are some of the ways listed below that can help you to improve your credit score.

  3. Pay full amount • Every bill has a full bill amount and a minimum amount to pay. When you pay the minimum amount, you have an outstanding amount to be paid. Any overdue or outstanding will lead to a bad credit score. You can not afford to keep any outstanding balance on your credit account. Pay the full bill amount and maintain a clear track of all your lines of credit and credit cards.

  4. Why is credit report monitoring important? • Do not close the account: Credit age is good for your credit score. When you keep your credit accounts open, your credit age increases. Do not close credit accounts even when you do not use them. When you close credit accounts, it has a negative impact on your credit score.

  5. How to Improve Your Credit Score? • Do not apply for multiple loans: Multiple applications lead to a hard enquiry check. When you keep applying, every hard enquiry run by the financial institutions will lower your credit score. It will not be a surprise that you will have a low credit score.

  6. 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://www.clix.capital/check-credit-score/

More Related