• About Us
Saturday, May 21, 2022
  • Login
No Result
View All Result
Hurricane Valley Times
  • Home
  • Sports
  • Tech
  • Business
  • Health
  • Education
  • Travel
  • news
  • Auto
  • Fashion
  • travel
  • how to
  • Education
  • Health
  • life style
  • Home
  • Sports
  • Tech
  • Business
  • Health
  • Education
  • Travel
  • news
  • Auto
  • Fashion
  • travel
  • how to
  • Education
  • Health
  • life style
Hurricane Valley Times
No Result
View All Result
Home Business

How to Improve your Credit score

by Muhammad Asad
March 4, 2021
in Business
0
0
SHARES
148
VIEWS
Share on FacebookShare on Twitter

Having a higher credit score is good because it increases your chances of getting approved for financial products at a low-interest rate (credit cards, mortgages, and loans). It is a good idea to work on your credit score if you want to get the best terms and rates.

1. Using a credit card little and often

A good way to build your score is to use credit regularly. When you keep your credit card active, paying off your bill at the end of the month, and spending small amounts, you become more attractive to lenders. This is going to improve your credit score. The lender sees that you can pay back what you borrow.

2. Low credit utilization

You should not use too much of your available credit because it will affect your credit score. You should try keeping it under 30% of your limit. This shows that you manage your credit sensibly. Log into your ClearScore account to see how much credit you have used.

3. Fixing mistakes on your report

Your credit score is calculated using the information in your report. If there is a mistake with that information, your credit score is going to be affected. A mistake can result in a lower score. Check your report regularly and see if there is any mistake on them. If you find a mistake, let the credit bureau know so they can correct it.

ClearScore is going to get your report from Equifax. If you find a mistake, talk to Equifax and let them handle the rest. You should never ignore a mistake thinking it is going to be fixed eventually. Once the mistake has been fixed, your credit score can improve.

4. Getting on the electoral roll

This is also known as the electoral register. Getting on an electrical roll is a good idea because it improves your credit score. This is because it improves how you are seen by lenders, and this increases your chances of getting accepted for credit. The credit reference agencies can easily verify you, and this is attractive to lenders. You can register for the electoral roll online. Check with your local authority if you are not sure whether you are registered or not.

5. Avoid multiple credit applications

You shouldn’t do this in a short space of time. When making an application for credit, lenders carry out a ‘hard search’ that leaves a mark on the credit report. Making too many applications is bad for your credit because it lowers your score. Lenders will assume you are desperate for credit, and it becomes harder for you to get it. If you need something quick and almost surefire – visit here.

If you apply and get rejected, don’t make multiple applications. Wait for some time before you applying even if you need the credit badly. There is no need to lower your credit score by making too many applications. Before you apply, have a look at your report and see whether the information is accurate.

Muhammad Asad

Muhammad Asad

Next Post

How to adapt in another country: advice to foreign students

Contact us

hvtimes822@gmail.com

Whatsapp:: +92330 2640170

Category

  • Auto
  • Business
  • Celebrity
  • digital marketing
  • Education
  • Entertainment
  • Fashion
  • Game
  • Health
  • home
  • how to
  • life style
  • news
  • Press Release
  • Sports
  • Tech
  • travel
  • Uncategorized

© 2021 Hv Times - All Rights Reserved.

No Result
View All Result
  • Home
  • Sports
  • Tech
  • Business
  • Health
  • Education
  • Travel
  • news
  • Auto
  • Fashion
  • travel
  • how to
  • Education
  • Health
  • life style

© 2021 Hv Times - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In