Separate names with a comma.
Discussion in 'Growing and Managing a Business' started by williamjames732, Mar 30, 2013.
I want to know how to maintain a good credit card score So, I get quick business loan.
Make repayments against credit on time, don't miss payments. This is the obvious cornerstone of maintaining a good credit rating.
However if you want some advice that is slightly less well known, DO NOT apply for loans or credit that you know/think you might get turned down for. Getting rejected for credit in itself actively hurts your credit rating and will make it harder to get accepted in future applications.
Thanks you Pete!!!
Check your credit history....maintain at least minimum pay out each month without being defaulter...if you have any loan hose tenure is completed ,it would be very easy for you to get loan.....
get knowledge about the what makes and effects good credit score.:information are used to calculate your credit score – your payment history, level of debt, credit age, mix of credit, and recent credit.
Try to maintain Your credit card balance within 30% of your credit limit it will helps in credit score.
watch your credid card reports.
See your payment history. If you paid your payments on time. and no balance on your current bills
Thank you very much guys for such an informative replies!!
I totally agree with you. Repaying credit on time is something that will maintain a good credit card score. And Don't take a loan that is too high or which gets rejected.
The more you understand about what goes into your credit tally, the simpler it will be to sustain a good one. Five key pieces of information are utilised to calculate your borrowing tally – your fee history, grade of debt, borrowing age, blend of borrowing, and latest borrowing. Close any borrowing card accounts that you're not utilising. The more unused borrowing cards you have the lower your borrowing tally because you have the promise to proceed on a spending spree. That makes you a borrowing risk.
Very good point Pete.Also the person who wanted to get the loan from the bank should maintain the enough balance in the credit card so that the person who is providing the loan must be satisfied by seeing the past transaction records which has been made by that credit card.This will keep that person on the safer side and will help him to get the loan easily.
You just need to maintain your bank account and never miss the due date to pay on credit which you have used ever. And after few months or years your would be eligible for getting loan from the bank. Thanks.
Is there any minimum balance requirement needed in the bank to maintain a good credit score..?