What affects my credit score
                     Will Checking Your 
Credit Hurt Your Credit 
Scores?
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 Credit mix
A credit score is an important factor that 
makes borrowing easy and affordable. If 
you were planning to get a high-value 
loan anytime soon, you need to have a 
good credit score. It is very important to 
build your credit score with the right 
credit activities that can affect your 
credit profile. If you are not having a 
good credit score, you will not be ending 
up getting approval and an affordable 
rate of interest. Make sure you are going 
for the right credit activities so that you 
build your ‘my credit score’ over time. 
Here are all the factors that affect your 
credit score
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Payment
Payment history is a very important factor that 
affects your credit score. Even a single missed or 
delayed payment can drop your credit score. 
Therefore, it is very important that you automate 
your payment and set reminders so that you are 
able to make the payment before the due date. 
Payments have a high impact on your credit 
profile, and if you do not have a clean track 
record, you will not have a good credit score. 
Whether you are paying your credit card bills or 
loan repayment, you need to make the payment 
by the due date. Learn how to get a business loan.
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Credit utilisation ratio
This is one more important factor that has a 
vital impact on your credit score. A credit 
utilisation ratio is a ratio between the total 
credit limit available to the individual and the 
credit limit that has been exhausted by the 
individual itself. In order to have a good credit 
score, your credit utilisation ratio should be 
below 30%. If you exceed your credit limit, you 
will not be able to improve your score.
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Number of multiple applications
Credit applications are an important factor 
that impacts your credit score. It is 
important that you do not apply for multiple 
loans within a short span of time. Every 
time you apply for a loan, the hard inquiry 
on your credit profile will eventually 
damage your credit score. Therefore, it is 
important that you stop applying for 
multiple loans if you have faced loan 
rejections.
How to check credit score? Visit the 
official website of Clix Capital and find the 
option for my credit score. Check your 
score and improve it with time. 
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Thank You
For more information please contact:
Clix Capital Services Private Limited
Email: [email protected]  |  Mobile: 18002009898  
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