
Lifestyle
7 Tips to Improve Your Credit Score
A credit score is a number between 300–850 that reflects a person’s creditworthiness. The borrower looks better to the potential lenders if the credit score is high. It is based on credit history. Credit history means the number of open accounts, total debt levels, repayment history, and other factors. There are several ways to improve your credit score. Some tips to improve your credit score fast are: Keep checking the credit scores online Checking the credit scores online will enable you to identify the factors that affect the credit score. The risk factors will help in making alterations to improve the credit score. Repaying the bills timely Past payment performance is a good predictor of future performance. It can positively influence the credit scoring if you pay all bills on time as agreed. It influences the lender’s decision to lend credit to the borrower as they know the borrower’s creditworthiness. Get credit for making timely cell phone payments By making utility and cell phone payments on time, you can improve the credit score by factoring payments through a new and free product. The consumers can connect the new product to their bank accounts to identify utility and telecom payment history.
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