Business Today

HOW TO IMPROVE YOUR CREDIT SCORE

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Here is your path to a healthy credit score

Pay bills regularly:

Always pay all your bills on time. To improve your score, you need to maintain no late payment status for the longest period possible

Get rid of debt:

If there is any loan outstandin­g, pay it off as soon as possible. By reducing debt, you can improve your credit score fast

Keep an eye on spends:

Do not overspend on your credit cards. Generally, try to stay below the credit limit and first pay those credit cards that are close to their credit limit

Don’t close old accounts:

Having a long credit history increases and improves the score. It is better to have old accounts and credit cards in your portfolio

Don’t apply for a new credit card:

If you already have a bad credit score, then applying for a new credit card is a bad idea. By lowering the outstandin­g amount one can improve the credit score

 ?? ?? If you have a loan running or use revolving credit, it is wise to check your score every quarter at the minimum, if not every month ADHIL SHETTY CEO, BankBazaar.com
If you have a loan running or use revolving credit, it is wise to check your score every quarter at the minimum, if not every month ADHIL SHETTY CEO, BankBazaar.com
 ?? ?? In India, it [credit score] is a regulated activity as the four credit bureaus have a licence [each] from the RBI. ANURAG SINHA Co-founder and CEO, OneScore
In India, it [credit score] is a regulated activity as the four credit bureaus have a licence [each] from the RBI. ANURAG SINHA Co-founder and CEO, OneScore

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