5 Important Factors that Influence Your Credit Score
At times your C redit Score is lower than you expect and that may impact your loan application plans. In spite of putting in all your effort, unknowingly you keep repeating the same set of mistakes that influence your credit score negatively. Credit score is basically a statistical three digit number that ranges from 300-850. Higher the credit score more favorable are the chances of getting approval on loan application, while lower credit score rejects your loan application. Customers, should therefore, be careful with their credit score. These credit reports are then used by banks, insurance companies and non-banking financial organizations to approve your loan application. Credit Score is a financial report that basically shows your credit worthiness that is used by the lenders to check whether you will repay the borrowed amount or will do any defaults. Given below are the 5 vital steps that can edge up your credit score and reflect a good credit history on the credit report....