When it comes to your credit score, there are some things that can make it go down. Your credit score is like a report card for your financial behavior, and it’s important to keep it healthy. Let’s explore 10 things that can lower your credit score, explained in simple terms to help you understand better.
02
Apr
Apr
Credit utilization is defined to be the ratio of outstanding credit card balance to credit card limits. It gauges the amount of credit in use. It takes care of the amount of credit limit you are using. Let’s assume that if your balance was 3 whereas your credit limit was 10, then the credit limit
11
Dec
Dec
All loan or credit card payments, repayments, defaults and more reflective in your credit history of the individual, using which the credit score is arrived at. It is unavoidable to maintain a good credit score to keep your loan sanctioning process smooth and seamless. In fact, the interest rates too are determined based on the
05
Dec
Dec
A decent Credit Score is an immediate consequence of not one but rather a bundle of brilliant financial practices. Here are some incredibly successful lessons that can guarantee the rapid development of your Credit Score, as long as you follow them without fail. Not paying regard to even one of these lessons can severely stem
02
Aug
Aug
As everyone is aware, a credit score is a statistical number that represents how you have used your credit over a specific period of time. It is important to be consistent in your credit repayments to have a good credit score. A high credit score increases the probability of getting a loan easily as it