5 clever strategies to raise your credit score more quickly
Your chances of being approved for loans and credit cards are significantly higher if you have a strong credit score than they are if you don't.
It enables you to bargain for better conditions and a lower interest rate on loans.
Lenders generally consider a score of 750 or more to be good. If your grade falls short of this threshold, you can still try to raise it.
You shouldn't display any indications of an excessive dependence on credit or credit-hunger.
Your repayment history and punctuality in making payments are given the most weight by credit reporting agencies when determining your credit score
Therefore, it's crucial to make sure you pay your payments in full and don't skip any loan EMIs or credit card due dates
You may want to think about debt consolidation if you're having trouble managing many cards
Additionally, you ought to always pay your credit card balance in full rather than just the minimal amount required
Because financing charges will start to accumulate on both your outstanding balance and all subsequent purchases until the debt is cleared.