Indian money Reviews - Tips to Improve Your Credit Score for a Home Loan
Credit score is an important factor which helps you get a
home loan sanctioned. If you want to get a home
loan sanctioned, you must have a good credit report. It will help you get
the home loan easily.
There are various factors that play an important role in
building credit score like credit utilization ratio (CUR), payment history and
clearing dues and loans. However, if you have a low credit score, these are
some tips to improve your credit score:
Want to know more on credit score? We at
IndianMoney.com will make it easy for you. Just give us a missed call on 022
6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller
of any financial products. We only provide FREE financial advice/education to
ensure that you are not misguided while buying any kind of financial products
Review
your credit report on a regular basis:
There are various credit portals which allow you to check
credit score for free. You can check your credit score as
often as you want called soft enquiries. This will help you keep track of your
credit report and credit score.
By staying informed on your credit score, you can make
better decisions. You can take the necessary steps that are needed to improve
your credit score. You can also get errors rectified and keep the hard queries
at bay by checking your credit report online. Check free credit report and
credit score on IndianMoney.com.
Make timely repayments:
Paying your loan EMIs and credit card dues on time, helps
create a better track record of repayments that has a positive impact on your
credit score.
Close unused accounts:
As per Indian
money Review closing credit cards is not an option in case you want to
improve credit score. However, closing the unused accounts won’t damage your
credit score. Closing an unused bank account or credit card account will save
you from incurring the annual fees and will reduce the risk of fraud on these
accounts.
Fix Your Credit Utilization Ratio:
Credit utilization ratio is a key factor in determining your
credit score. Generally, a good credit utilization ratio must be less
than 30%. That means you're using less than 30% of the
total credit available to you.
IF you want to post a review on any company you can post it
on Indianmoney.com review
and complaint portal IamCheated.com.
08042687207
Comments
Post a Comment