Articles
C. S. Sudheer Review - How to Improve Credit Score
by indian money Financial advisors,Health insuranceImproving credit score can be a challenging task. Learn how you
can make it possible.
Pay loan dues in time: As per CS Sudheer Bangalore,
the basics
don’t change. Repay credit card dues, Home Loan EMIs, Personal Loan EMIs and other EMIs on time. Late EMI payments give you a poor
credit score.
Maintain a healthy credit mix: This is a healthy mix of
secured and unsecured loans. Secured loans are secured against
collateral/assets. Home Loan, Car Loan, Two Wheeler Loan, Loan against Property (LAP) and Loan against
Security (LAS) are secured loans. According to Indian Money Company Bangalore,
these loans charge lower interest compared to unsecured loans.
Unsecured loans like personal loan, credit cards have no collateral. Lenders charge a higher interest on
these loans. This is why credit mix is very important. Credit mix refers to the
type of accounts which make up your credit information report (CIR). If you
have availed a number of unsecured loans, credit score goes down.
Check credit report and credit score: You need to check credit information report (CIR), to see if loans reflecting in your name, have really been
availed. Data entry errors/typing errors could mean spelling mistakes with name
or a loan which you have not availed, reflecting in your name. Your credit score goes down for no fault of yours. Check credit report and
credit score for free at IndianMoney.com Bangalore. If there are any errors in credit
information report, file complaints and get
them rectified and improve credit score.
Standing guarantor to a loan: With
profile of Standing guarantor to a
loan or co-signing a loan makes you equally liable for missed payments. Never
stand guarantor for a loan unless you’re sure (Friend or Family Member), will
make the repayments in time. On a default, the credit score goes down and your profile takes a dent.
Apply for new credit within limits: Don’t just apply for loans and credit cards. As per Indian Money Company, applying for
multiple loans/credit cards tells banks you’re hungry for credit. The bank
checks your credit information report and credit score called hard enquiry.
This results in credit score dropping. You can check credit report and credit
score any number of times called soft enquiry. Check free credit score and
credit information report at IndianMoney.com.
Get a secured credit card: Avail a secured credit card where fixed deposit is the collateral. You have to open an FD at the bank and apply for secured credit card. Banks offer credit limit
on credit card up to 80% of the FD amount. According to Sudheer Indian Money Bangalore, as
this is secured against FD, interest rates are lower than normal credit cards.
Make timely repayments on secured credit card to build credit score.
https://indianmoney.com/articles/credit-score-information
https://cv.wordpress.com/tag/c-s-sudheer-review/
Sponsor Ads
About indian money 
Financial advisors,Health insurance
37 connections, 2 recommendations, 222 honor points.Joined APSense since, August 16th, 2018, From Bangalore, India.
Created on Jan 18th 2019 02:03. Viewed 581 times.
