When it comes to trust, then, you would like to trust a 5 years old friend more than 3 months old one. Same funda applies in case of credit history too. Longer credit history will result better. This credit history must be clean for that much long time. This will help you in improving your credit score as well.
If you are paying your payments or scheduled emi (equated monthly installment) for all loans on time from last 5 years, it’s very much a proof that you pay on time. Due to this, you will be having a good history and track record. An individual has a good history from last 5 months, then, it will not be considered that strong comparatively. So higher the duration of good payment history, the better your score will be.
If you do not have a credit card, there is a good reason why you should get one now. In addition to this, you should do your payments with credit card and pay in full every month, so that your payment history is built with positive effect. In this way, your credit score will stay in good books of cibil. On the basis of good credit rating, you can avail better rates on personal loan and so on. You will be getting instant approval for any type of loan or card.
Not only this, your excellent credit rating will also bring few of extra perks coupled with your loan offer or the credit card you have chosen to apply. Before applying for any of this product, you can easily check your available offer and pick according to your choice and suitability.
You should understand the importance of credit history by now. If you have good credit history, wide range of financial solutions will be offered to you. If the case is vice versa then variety of options will be in squeezed form for you.
If you are paying your payments or scheduled emi (equated monthly installment) for all loans on time from last 5 years, it’s very much a proof that you pay on time. Due to this, you will be having a good history and track record. An individual has a good history from last 5 months, then, it will not be considered that strong comparatively. So higher the duration of good payment history, the better your score will be.
If you do not have a credit card, there is a good reason why you should get one now. In addition to this, you should do your payments with credit card and pay in full every month, so that your payment history is built with positive effect. In this way, your credit score will stay in good books of cibil. On the basis of good credit rating, you can avail better rates on personal loan and so on. You will be getting instant approval for any type of loan or card.
Not only this, your excellent credit rating will also bring few of extra perks coupled with your loan offer or the credit card you have chosen to apply. Before applying for any of this product, you can easily check your available offer and pick according to your choice and suitability.
You should understand the importance of credit history by now. If you have good credit history, wide range of financial solutions will be offered to you. If the case is vice versa then variety of options will be in squeezed form for you.
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