Loan from bank Or a better credit score is very important to get a credit card. If your credit score is bad, then banks cancel the loan application. Credit cards also do not issue banks. However, it is not that you cannot fix or improve your credit score. If you take some steps, your credit score will be correct in just 12 months. After this, banks will easily issue loans or credit cards. The interest rate will also charge you less. Let us know that the poor credit score can be correctly correct.
Do these 3 things to improve credit score
1. Correct mistakes: First and foremost, you should examine your credit report and make sure that there is no wrong information. For example, some payments can be shown as ‘pending’, but has been paid. This also causes credit score. By fixing this, the credit score gets better.
2. Use low credit: If you use a credit card, it is advisable to keep the credit use less than 30 percent. For example, if your total credit limit is ₹ 2 lakh, then you keep the credit use ₹ 60 thousand. By doing this, your credit score will be better. Apart from this, another strong tip to improve your credit score is that you use various credit options like credit card, personal loan and car loan. This also helps to improve credit scores. If you do not need a card or home loan, you should not choose it.
3. Pay EMI on time: The most important thing is that you should ensure that you pay the EMI or credit card bill of Lonac on time. Not even paying a single time causes a major decline in credit score. So pay EMI on time. Also do not deactivate the existing and old credit cards. Credit card duration is helpful in maintaining a good credit score.
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