Tips on How to Get an Excellent Credit Score
                     Tips on How to 
Get an Excellent 
Credit Score
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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 
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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.
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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.
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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.
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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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