Credit Point: Your Financial Report Card!

Utility creditworthiness: Your Financial Report Card! To make your financial life easier, it is very important to know what a creditworthiness is. How responsible for your credit card or payment of your loan is called the number to tell the creditworthiness. The higher the payment, the higher your credit rating. The credit rating is in the region of 300 to 900 and the score of 750+ is considered good. Credit point is very important for banks and financing companies. Banks and financing companies look at the person’s creditworthiness before giving loans. In India, you can check credit rating for free by visiting websites such as Cibil, Experience of Equifax. By maintaining a good credit rating, your loans are quickly approved. This increases the chances of getting loans and high credit limits at a lower interest rate. A bad credit rating indicates that you are not responsible for payment. As a result, the loan can be rejected, or the interest rate on the loan may be higher. To maintain a good credit rating, fill your accounts and EMI on time. Use only a credit card if necessary and do not take many loans at once. A good credit rating improves your financial image and facilitates this process if you need to take a loan if needed. Click here Life & Style Click for more stories Click here