In general, everyone thinks that they are not aware of having a credit score, but in reality, if you have a personal account in one bank on your behalf, or have ever submitted any type of application. Suppose KTA (Credit Unsecured), credit cards, and the like. So by doing so, the credit score you already have and is running. The definition of the credit score itself is the value assigned to each debtor or individual, with the aim of being used by the creditor in determining the ability of the debtor or the prospective debtor to carry out the responsibilities and to determine the credit they are proposing. In the meantime, you can also hire the recommended credit fix service to repair your credit score.
A low credit score, gives an indication if you are at high risk, so the loan interest rate will be higher, or the possibility of rejection of the proposed loan. To cover the risk of creditors, should you fail to make payments or cannot pay off credit. But if you have a high credit score, then the credit you want will be obtained easily. The score ranges Between 300 - 850. A value above 720 indicates a safe zone, while a value below 640 will make you difficult to get credit.
Here are some tips for improving your credit score.
Timely in paying every bill
Any unpaid or delayed charges will be recorded by the creditor. For example, if you are late in paying your credit card bill, then the company reports the case to the bank. Then this will result in a decrease in credit score. If in the future you want to apply for a mortgage, the bank certainly saw this credit score and make decisions in determining the interest rate and so forth. In essence, make payments on time, because all forms of records of your transactions will be analyzed, especially every newest transaction.
Reduce debt
In addition to paying your bills on time, you should also reduce debt, for example for those who have more than one credit card, you may consider moving the balance of the bill to a credit card with lower interest, with a transfer balance system.
Have fixed assets and income
If your earnings are recorded on a bank account, plus any ownership of an asset such as a house, shophouse or other building, may also increase your credit score.
Avoid filing credits simultaneously
A financial institution may lower your credit score, in case some of the related credit transactions are found in the near future. Therefore if you are in the credit period of an item, they want to apply for new credit to other goods. This will lead to a decrease in credit score. We recommend that you provide a period of six months to one year after the first credit period runs smoothly without any delay in repayment.
A low credit score, gives an indication if you are at high risk, so the loan interest rate will be higher, or the possibility of rejection of the proposed loan. To cover the risk of creditors, should you fail to make payments or cannot pay off credit. But if you have a high credit score, then the credit you want will be obtained easily. The score ranges Between 300 - 850. A value above 720 indicates a safe zone, while a value below 640 will make you difficult to get credit.
Here are some tips for improving your credit score.
Timely in paying every bill
Any unpaid or delayed charges will be recorded by the creditor. For example, if you are late in paying your credit card bill, then the company reports the case to the bank. Then this will result in a decrease in credit score. If in the future you want to apply for a mortgage, the bank certainly saw this credit score and make decisions in determining the interest rate and so forth. In essence, make payments on time, because all forms of records of your transactions will be analyzed, especially every newest transaction.
Reduce debt
In addition to paying your bills on time, you should also reduce debt, for example for those who have more than one credit card, you may consider moving the balance of the bill to a credit card with lower interest, with a transfer balance system.
Have fixed assets and income
If your earnings are recorded on a bank account, plus any ownership of an asset such as a house, shophouse or other building, may also increase your credit score.
Avoid filing credits simultaneously
A financial institution may lower your credit score, in case some of the related credit transactions are found in the near future. Therefore if you are in the credit period of an item, they want to apply for new credit to other goods. This will lead to a decrease in credit score. We recommend that you provide a period of six months to one year after the first credit period runs smoothly without any delay in repayment.