Lenders love to see factors such as mix of different types of credit accounts, timely payment on their dues, new credit, and many other factors. Applying these factors efficiently will help you to maintain your credit history in a better way.
Consumers themselves are interested in keeping their credit scores in a tip-top shape so they improve their creditworthiness. Not only it will improve their creditworthiness but will also help them save a lot of money. People who are creditworthy will immediately earn the trust of lenders and financial assistants, while people who are not creditworthy will be rejected immediately.
Maintaining a relatively good credit history and credit score will help individuals to be financially strong and will also help them to save money.
Below are some of the factors which will help you to maintain a good credit history:
• Paying your debts in time.
• Paying your loan instalments before due date. This practice will help you to maintain a record for paying their dues on time and also will be free from paying a late fee for the same.
• The same applies for credit card. It is also seen that people paying their credit card dues will see a boost in your score when they pay off their dues on or before due dates.
Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.