Why are we so concerned about our credit score?
How can I manage My Cibil Score ? Let us understand :
It is not only about the loans. However, it can offer so man other benefits to us.
- Less interest rate
- More savings
Some sneaky ways to get a good credit score?
1) We all are aware of the year-end. Closing of the book of the accounts. Clear all your dues before a specified date.
2)Credit Utilization Ratio: How much yo owe divided by your actual credit limit defines your credit utilization ratio. So, keeping it low is a positive sign.
3)having multiple cards is not bad. Be strategic, planned and divide your plan accordingly.
4)Timely payment is again a must. Don’t load all the pressure at the closing of the year, Divide and then make your payment in instalments. This will be more easy for you.
Do keep these points in mind while paying your bills.
Continue Reading : Sneaky Ways To Build Credit Score
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