Credit Score What are the Ways to Improve It

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Credit Score What are the Ways to Improve It?
Credit Score, a term that has to be in the mind
while opting for a loan. Let's take a look at a
few of the things you need to bear in mind and
follow before your dream shapes up.

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What is a Credit Score?

• A credit score number ranges between 300-900 and
  reflects a borrower's worthiness to maintain good
  credit and reputation with bankers. The higher
  the score the greater chances of pleasing the
  lender. Thus, a credit score is based on one's
  credit history that includes a number of open
  accounts, levels of debt, repayment tendencies
  and other factors. So, bankers or lenders use
  credit scores to assess the potential that the
  borrower will repay loans on time.

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How Credit Score Works?
Reciprocally, a credit score check of 700 or
above is good enough and often results in a
borrower receiving a lower interest rate. Credit
Scores greater than 800 are eligible for loan.
They are eligible for a loan. Let's have a look
how every creditor defines credit ranges for a
credit score.
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• How is your score calculated?

• The payment history counts for 30-35 of a credit
  score and reflect whether a borrower pays their
  dues on time. The total amount owed counts for
  25-30 and takes into account the percentage of
  credit available to a person that is currently
  being used.
• The type of credit used counts for 7-10 of a
  credit score and shows if the borrower has a mix
  of instalments credit which includes car loans or
  home loans and credit cards.

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• How to Improve Your Credit Score?

• Up your credit line If you have credit card
  accounts, call and inquire about a credit
  increase. Clix Capital, your one-stop-shop has
  the best solution for all your credit score
  queries, credit increase and loan support.

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Clix Capital Services Pvt. Ltd.

• Address
• 901b, 9th Floor, Two Horizon Centre, DLF Phase V
• Gurgaon, Haryana, India 122002
• Phone Number 1800 200 9898
• Website https//creditscore.clix.capital

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