How Can I Improve my Credit Score?
Buddy Loan is a loan aggregating platform that offers instant personal loans to help you meet your personal financing requirements. However, your loan application may be rejected if your credit score or CIBIL (Credit Information Bureau Limited) score is below 550, it might be due to the following reasons: 1.) Delayed payments of Loan or EMI 2.) Delay in credit card payments (revolving credit) 3.) Making too many credit enquiries One can improve his/her credit score in the following ways: 1.) Knowing your spending limits: One needs to be fully aware of his or her spending limits and keep a track on their credit card purchases. 2.) Making payments on time: Impulsive shoppers with credit cards tend to make the bill rise beyond their ability to pay on time. This lower’s one’s credit score and also adds up late payment charges and taxes on to the bill. If you put a cap on your credit card usage and make the due payments on time, your credit score will gradually improve. 3...