Raise Your Credit Score with These 6 Tips
                     Raise 
YourCredit 
Score with 
These 6 Tips
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Reduce the 
credit 
utilization ratio
Your credit score is one of the most 
important measures of your financial 
health. It tells loan providers at a glance 
how responsibly you use credit. The 
better your score, the easier you will find 
it to be approved for new loans or lines 
of credit. A higher credit score can also 
open the door to the lowest available 
interest rates when you borrow. It is 
important to have a good score, and 
keep improving it with time. Improving 
your credit score is important for 
procuring loans or credit.
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Restriction on new accounts
Your credit utilization ratio is an influential metric 
because it is part of a factor that makes up 30% of 
your score. Credit utilization is simply how much 
credit you are using divided by the total amount of 
credit you have access to. If you need a good 
credit score, you need to keep a balance. Too 
much credit in the market makes you risky and it 
becomes difficult to get any form of loan or credit 
from financial institutions. The credit utilization 
should not be more than what you earn. If you owe 
more than you earn, it impacts your credit score. 
Always keep your debt lower than 40% of your 
income. It will help you with a good credit history 
and other activities.
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Pay outstanding bills
If you are paying bills, and you still have a low 
score, the reason is the outstanding or overdue 
amount. When you pay the minimum bill 
amount, you keep an overdue amount and this 
will impact your score negatively. So, the rule is 
to pay the total bill amount and not just the 
minimum bill amount. When you pay the 
complete bill amount, it will help you with a 
better score and you can actually get a good 
score. This way, your bills don’t become 
expensive and become a burden. Always pay 
off your outstanding completely.Do not miss or 
delay payment
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Keep your credit accounts open
If you have a lot of credit accounts, keep 
them open even when you don’t use them. 
It is not a good option to close off your 
credit accounts that you do not use. This is 
because the credit score increases with 
age. The older your credit accounts are, the 
better it will be for your credit score. Make 
sure you handle your credit score in the 
right manner by keeping your old accounts 
open, and stop applying for too many new 
accounts.
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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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