Low credit score? This is what you can do to improve it in next few months
1 month ago

Low credit score? This is what you can do to improve it in next few months

Live Mint  

If you have a poor credit score, say 650 or lower, it is not easy to procure a loan from a bank. Meanwhile, if you are planning to raise a large loan sometime next year or towards the end of this year, you may make a conscious attempt to push your credit score upward. These include reducing credit utilisation, clearing off debt, taking a secured credit card and diversifying credit mix. Take a secured credit card: If you have a very low score, apply for a secured credit card against a fixed deposit. Diversify credit mix: Having a mix of secured loans and unsecured loans helps improve your score.

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History of this topic

Credit score boost: 7 simple ways to improve your score slowly and steadily
2 weeks, 6 days ago

Credit score boost: 7 simple ways to improve your score slowly and steadily

Live Mint  

A good credit score is indispensable to raisepersonal loans and credit cards. Building credit history: Steps to take 1.Use credit cards responsibly: One of the easiest ways to build credit is by getting a credit card. 5.Too many loans: Each time you apply for credit, lenders check your credit score. Time it takes Building a strong credit score takes a …

Credit Score: What to do when your credit profile does not exist?
4 weeks, 2 days ago

Credit Score: What to do when your credit profile does not exist?

Live Mint  

If you never held a credit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or a fresh loan. This is a common problem among young loan seekers who have recently started earning and do not have a credit profile …

How to improve your credit score in 3 months? A proven step-by-step plan
1 month, 1 week ago

How to improve your credit score in 3 months? A proven step-by-step plan

Live Mint  

Boosting your credit score is key to getting the best loan rates and financial products. Therefore, if you want to enhance your credit score in three months, follow the step-by-step guide below: Step 1: Review your credit report Start with ordering your credit report copy from your respective credit bureau. Step 2: Always focus on timely repayments Your payment history …

5 simple steps to improve your credit score before applying for a home loan
1 month, 1 week ago

5 simple steps to improve your credit score before applying for a home loan

Live Mint  

As a home loan in India requires a good credit score, which takes into account the loan amount and allows it to sanction as well as fix the interest rate along with other associated terms. Here are key ways to improve your credit score before availing the loan: Pay on time Payment of your existing loans and credit card bills …

From 300 to 800: How can you improve credit score in one year?
1 month, 2 weeks ago

From 300 to 800: How can you improve credit score in one year?

Live Mint  

Did you check your credit score recently to realise that your credit score is abysmally low or lower than your expectations? The common reasons for a low credit score could be missed EMI or credit card payments, defaulting on loans, high credit utilisation ratio and multiple loan applications. Therefore, it is vital to take a series of steps over the …

How to keep your credit score above 700? Top 6 things to do
1 month, 3 weeks ago

How to keep your credit score above 700? Top 6 things to do

Live Mint  

Maintaining a credit score above 700 calls for credit discipline. Keep credit utilisation ratio at the optimum level: To keep credit score high, one should keep the credit card limit at the right level. Pay credit-card and loan EMIs on time: It is vital to make timely payment of credit card bills, personal loans, home loans, car loans, and BNPL …

Credit score boost: How long does it really take to improve your rating? Find out
1 month, 4 weeks ago

Credit score boost: How long does it really take to improve your rating? Find out

Live Mint  

If you are planning to raise a personal loan remember that one of the key criteria that determines your application is your credit score. Notably, it takes anywhere between 3 to 6 months to improve your credit score for moderate improvements and 6 to 12 months for significant jumps. Factors affecting credit score improvement 1.Credit card payments and loan EMIs …

How to boost your credit score fast? Here are 7 effective strategies
Trending News
1 month, 4 weeks ago

How to boost your credit score fast? Here are 7 effective strategies

Live Mint  

Your credit score, in the contemporary financial world, is more than just a number but is the defining factor of how your financial life will be in the future. While a high credit score often translates to loan conditions that may be better or even interest rates that are cheaper, a poor score may have one facing expensive and challenging …

Personal loan approval with a low credit score: Key tips and strategies
2 months, 1 week ago

Personal loan approval with a low credit score: Key tips and strategies

Live Mint  

In the modern world, taking a personal loan may be the only option to overcome urgent financial obligations. Here we will guide you on how it is possible to receive a personal loan in India with a bad credit score. Here's how to raise your credit score: Pay your bills promptly: Paying for loans, credit cards and other utility bills …

Top credit card management tips to boost your credit score: Spend smart, stay secure and more
2 months, 2 weeks ago

Top credit card management tips to boost your credit score: Spend smart, stay secure and more

India TV News  

Credit cards have become an essential tool in today's financial landscape, offering convenience and flexibility. However, inappropriate use of credit cards can negatively affect your financial health, especially your credit score. Stick to 10-15 per cent of your credit limit Experts recommended using only 10-15 per cent of your total credit limit to maintain a good credit score. How to …

Credit Score: How long does it usually take to improve it? Find out
2 months, 2 weeks ago

Credit Score: How long does it usually take to improve it? Find out

Live Mint  

Improving your credit score can take a long time based on your current score, financial habits, and the specific actions you take. You can take an appropriate action based on the goal i.e., whether you want to improve your credit score in the short term, medium term or long term. Reducing Credit Utilisation: If your credit card balances are high, …

Credit score: 6 key ways to improve your scale of creditworthiness
2 months, 3 weeks ago

Credit score: 6 key ways to improve your scale of creditworthiness

Live Mint  

There are numerous ways to improve your credit score. Some of the basic ways entail maintaining a healthy credit lifestyle by paying your credit card bills on time, keeping credit card utilisation below 30 percent and limiting your hard credit inquiries. It is noteworthy to mention that credit rating agencies, as per the latest RBI guidelines, are supposed to update …

Want better credit score? Here are 7 key tips to help you get there
4 months ago

Want better credit score? Here are 7 key tips to help you get there

Live Mint  

To be considered eligible for any financial need like home loans and credit cards, one has to have an elevated credit score. A better loan offer and financial option lies ahead with a better score, which means lesser risk, as lenders use your credit score to determine your ability to repay a loan. You could damage your credit score if …

Bad credit score holding you back? 4 proven tips to boost your rating
4 months ago

Bad credit score holding you back? 4 proven tips to boost your rating

Live Mint  

Your credit score is extremely crucial when it comes to determining your eligibility for borrowing funds. Lenders usually do not prefer granting loans to individuals with a low credit score as it increases the risk of getting their money back on time especially in the case of an unsecured loan. CIBIL Score Range Rating 300-500 Poor 550-600 Average 650-750 Good …

How to maintain a high credit score: 7 tips for financial stability
4 months, 1 week ago

How to maintain a high credit score: 7 tips for financial stability

Live Mint  

Your credit score determines a lot, from low interest on loans to premium credit cards. Conversely, a low credit score may lead to paying a higher rate of interest, getting a small amount to borrow, or even denial of loans. Since secured loans pose less risk to lenders, they are actually indicative of financial responsibility, and any diversification, therefore, preserves …

Why isn’t your credit score improving despite clearing dues on time?
4 months, 1 week ago

Why isn’t your credit score improving despite clearing dues on time?

Live Mint  

A frequent credit card user must know that a good credit score is a key factor in determining your creditworthiness. However, paying your credit card dues on time does not guarantee a good credit score. A low credit utilisation score indicates poor credit usage habits and a high credit utilisation score signals high debt, which may reduce the chances of …

5 key benefits of having a higher credit score you should know
4 months, 2 weeks ago

5 key benefits of having a higher credit score you should know

Live Mint  

A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. A higher credit score makes you eligible for pre-approved offers for various loans and credit cards from various banks and NBFCs. Higher probability of loan approvals In the earlier section, we saw how a high credit score makes …

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)
6 months, 1 week ago

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Huff Post  

Natalia Gdovskaia via Getty Images When it comes to your credit score, small things can add up over time. “Having a high credit utilization ratio shows that you’re close to maxing out your credit cards, and can significantly lower your credit scores,” Alev noted. “The length of your credit history plays a significant role in your score, so keeping long-standing …

Credit Score: 7 effective steps to follow to maintain good credit history
1 year ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint  

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

Want to improve your credit score? 5 key ways to give your score a leg-up
1 year, 1 month ago

Want to improve your credit score? 5 key ways to give your score a leg-up

Live Mint  

Remember Priyasha Saluja of Shark Tank fame who tried to impress the judges/ sharks by pointing out her high credit score? A good credit score can open several doors, even if you don’t plan to knock on the Shark Tank India’s door. “Building and improving your credit score typically takes at least six-nine months,” says Rakshit Agarwal, Co-founder, Rupicard. “A …

Low credit score? Here are 6 tips to improve it immediately
2 years, 5 months ago

Low credit score? Here are 6 tips to improve it immediately

Live Mint  

As we all know there has to be a criterion which needs to be fulfilled by the applicants for loan disbursement, whether it is for the short term or the long term. The primary criteria that banks check out while granting credit or loan is your credit score and credit report, which have all the information about your credit history …

6 tips you can use to help improve your credit score
2 years, 5 months ago

6 tips you can use to help improve your credit score

Associated Press  

NEW YORK — Credit scores are complicated and because rating agencies consider many factors, the process of improving them can look different for everyone. He’s also had no credit cards for at least 10 years — he stopped using them after he declared bankruptcy due to credit card debt. Another small way to tackle debt is the Consumer Financial Protection …

6 tips you can use to help improve your credit score
2 years, 5 months ago

6 tips you can use to help improve your credit score

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. For example, if you have a large amount of …

5 Simple Ways to Improve Your Credit Score
5 years, 1 month ago

5 Simple Ways to Improve Your Credit Score

India TV News  

Credit score is one of the key factors that determine your eligibility for credit. On the other hand, a high credit score could not only help you avail credit, but will also open the door to attractive terms and conditions such as lower interest rates, higher credit limit, etc. Doing so will ensure that you remember the due date for …

6 Quick Ways To Raise Your Credit Score Before Applying For A Mortgage
5 years, 9 months ago

6 Quick Ways To Raise Your Credit Score Before Applying For A Mortgage

Huff Post  

LOADING ERROR LOADING Though you can buy a house with bad credit, the process is a whole lot easier when your credit score is in good shape. The credit score you need to qualify for a mortgage depends on the type of loan you’re after. That’s because “amounts owed,” also known as your credit utilization ratio, makes up 30% of …

Credit score could impact employment prospects
6 years, 5 months ago

Credit score could impact employment prospects

Live Mint  

If you’re planning to change jobs or are about to enter the workforce, your potential employer may not just examine your resume but your credit score too. “Since poor credit score may be a reflection of irresponsible behaviour while repaying loans, those with a low score can have their chances of securing a job in such organisations hampered,” said Radhika …

How to build a good credit score for quick loans
6 years, 10 months ago

How to build a good credit score for quick loans

Live Mint  

At a time when education, healthcare and even daily household expenses are rising exponentially, your ability to borrow funds in times of need assumes greater importance. As financial institutions prefer to lend to those with credit utilisation ratio of up to 30-40%, credit bureaus reduce your credit score if you breach this level. As bureaus use this data to calculate …

6 Ways to Boost Your Credit Score Before You Apply for a Home Loan
7 years, 7 months ago

6 Ways to Boost Your Credit Score Before You Apply for a Home Loan

The Hindu  

Once you decide upon the house you want to purchase, your next step is to research the best possible deals available on home loans. However, banks in India are now taking into consideration your credit score or CIBIL score before approving your application for a loan. While a high credit score indicates high levels of trustworthiness and makes you an …

Six ways to boost your credit score before you apply for a home loan
7 years, 8 months ago

Six ways to boost your credit score before you apply for a home loan

The Hindu  

Once you decide upon the house you want to purchase, your next step is to research the best possible deals available on home loans. However, banks in India are now taking into consideration your credit score or CIBIL score before approving your application for a loan. While a high credit score indicates high levels of trustworthiness and makes you an …

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