Insights on Improving your Credit Score and Get Free Credit Score
Splurging money on extravagant shopping is quite common among younger generation today. A plethora of shopping options makes it all the more difficult to desist from the buying spree. Over time, this results in a lower Credit Score and affects an individual’s eligibility to apply for a loan. A lender looks for a good credit score before approving the loan. Credit score is basically a 3-digit number that represents one’s creditworthiness. The credit score is calculated based on various aspects like credit history, repayments and credit utilization. Credit score generally ranges from 300-900. A higher credit score is crucial to securing a favorable loan. Factors That Affect Credit Score Delay in Payments: A payment history directly reflects how trustworthy an individual is. And, in case a person is carrying a high debt obligation, a lender may consider him not to be financially trustworthy. To avail loan and increase credit score, individuals must clear their credit...