CIBIL SCORE:- WANT TO BOOST YOUR CREDIT SCORE, FOLLOW THESE 5 TIPS NOW-
Updated: Feb 21, 2020
If you need money and you have to take a loan, then it is most important to have a maximum credit score. The higher your credit score is, the more easily you get the loan. Maintaining a credit score is not a difficult task. By taking care of some things, you can easily reach your credit score and take a loan.
1. Pay on time-
It is very important for a healthy credit score that customers pay their dues on time. This will always keep your credit score high. Best of all, customers should make their credit card payment and EMI in auto mode.
2. Maintain credit line
The older your credit line, the better your credit score. If you have been using a credit card for a long time or your home loan is several years old, this is good for your credit score. If you pay on time, then you should keep your credit line longer. If you close an old credit card account, it may reduce your credit score slightly.
3. Do not choose the settlement option -
Normally closing a loan prematurely has a positive effect, but the customer should not opt for the settlement option. This happens when the customer owes too much of the principal and interest. At this, the lender offers to close the loan by paying the outstanding amount from the customer.