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What is a credit score?
A credit score is a number between 300–900 that depicts a consumer’s credit worthiness. The higher the score, the better a borrower looks to potential lenders. Borrowers with scores between 800 and 900, are at excellent position. A credit score is
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based on credit history: number of open accounts, total levels of debt, and repayment history, and other factors.
Can I check my credit score?
How does the Credit scores calculated?
7 Keys to Improve or Have High Credit Rating.
Key 1. Pay your bills on time, and every time
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Key 2. Keep your credit card balances low
Key 3. Don’t close unused accounts
Key 4. Have less no. of credits and apply only when needed
Key 5. Correct inaccuracies on your credit reports, and make sure old information is removed.
Key 6. Avoid bankruptcy, if possible. Instead negotiate with your creditors or collection agencies.
Key 7. Avoid consolidating balances onto one credit card.
Know more about Credit Score, your Credit Report or Get help.
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