Uploaded on Oct 11, 2021
Having an excellent credit score can save you a lot of money in interest over time. If your free credit score is already in the 700s, you’re in good shape, but you may be wondering how to take your score from good to great. If your credit score is lower than what is asked by the financial institutions. Keep yourself updated with a free credit score check. It will help you detect errors and make the necessary changes to improve your score. For a free credit score check, you can surely visit the Clix Capital website. https://www.clix.capital/check-credit-score/
Tips on How to Get an Excellent Credit Score
Tips on How to Get an Excellent Credit Score © Clix Capital Services Pvt. Ltd. All rights reserved. Make payments on time Having an excellent credit score can save you a lot of money in interest over time. If your free credit score is already in the 700s, you’re in good shape, but you may be wondering how to take your score from good to great. If your credit score is lower than what is asked by the financial institutions, there may be a quick way to bring it up. Depending on what is holding it down, you may be able to tack on as many as 100 points relatively quickly. Scores in the “fair” and “bad” areas, like something between 300-600, can actually drench you in a costly loan with © Clix Capital Servihcesu Pvrt. dLtdl. eAll srig hats rnesedrve dd. enials. 2 Restriction on new accounts While you may need to open accounts to build your credit score, you generally want to limit how often you submit credit applications. Remember, for every new borrowing application, the loan providers will run a check on your credit report. Each application can lead to a hard inquiry, which will damage or hurt your credit score. Opening a new account is not a good sign of improvement. Do not open a new account. © Clix Capital Services Pvt. Ltd. All rights reserved. 3 Pay full amount Credit cards play a vital role at the time of deciding your credit score. If you aim for a good credit score, you will need to pay the full amount. The minimum bill amount is not a good option to rely upon. If you pay the minimum amount, you end up making your bills more expensive. You can not keep behind an overdue or outstanding amount. When you pay an outstanding amount, you end up hurting your credit score. It is important for you to make a payment of the entire bill amount without any hesitation. It may become a burden initially, but in the long-run you will benefit both in terms of good credit and an affordable loan. © Clix Capital Services Pvt. Ltd. All rights reserved. 4 Let your credit age An old credit account will always be the best way to increase your credit score. When you keep your credit accounts open, your credit age will increase. Even if you don’t use it, you should not close your credit account. Let the credit account stay open, and this will increase your score in turn. New accounts are not good for your credit score, and it is always better to avoid opening new credit accounts without any necessary need. Make sure you keep your credit cards open, even when you don’t use them, as that will increase your credit score without you even knowing it. © Clix Capital Services Pvt. Ltd. All rights reserved. 5 Thank You For more information please contact: Clix Capital Services Private Limited Email: [email protected] | Mobile: 18002009898 This information made available is privileged and confidential and meant for private circulation only. The recipient/reader shall not engage in reproduction or distribution of this document, in whole or in part, or make disclosure of its contents, without the prior written consent of Clix Capital Services Private Limited (Clix). This information contained herein is provided strictly for informational and internal discussion purposes and does not create a business or professional services relationship, nor does it constitute an offer or solicitation of an offer or any advice or recommendation, to purchase any securities or other financial instruments. This document has been prepared on the basis of data provided by companies, publicly available information, internally developed data, and other third party sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, Clix exercises due care in selection of the information to avoid inaccuracies and believes the representations contained therein as fair and reasonable. However, it does not guarantee the accuracy of any such information and has not independently verified the assumptions on which such information is based. Clix along with their respective directors, employees, affiliates, or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy, and reliability of such information and none shall be liable for any direct, indirect, special, incidental, consequential, punitive, or exemplary damages, including lost profits arising in any way from the information contained in this material. Recipients of this information should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. Investments in securities are subject to market risks. No assurances, guarantees, or representations can be made that the objectives of any of the investments will be achieved. Readers should note that investments will involve significant risks and the investments may not be suited to all categories of investors. Certain information contained in this document may constitute ‘forward-looking statements,’ which can be identified by the use of forward-looking terminology. Due to various risks and uncertainties, actual events or results, or the actual performance of the company and the group may differ materially from those reflected or contemplated in such forward-looking statements. Clix is not responsible or liable for any loss resulting from the management of any such investments. Willing investors should have the financial ability and willingness to accept risks and lack of liquidity, which are characteristics of the investments described herein. www.clix.capital
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