While some tips can be implemented right away, others require long-term work. All of them, however, lead us to improve your ranking on important points, so your credit score will be higher.
Non-bank loan? Don’t ask for it too often.
Repeated requests give the impression that you have a constant money problem. Any unexpected expenditure could then break the delicate balance between income, loans and repayments, and you would suddenly become defaulter. And neither we nor you want it.
Cancel credit cards you are not using.
Unlike a debit card , the credit card works essentially like a credit. Even if you have your not using it whenever you start to draw, for which the lender is a possible repayment and thus stretching the budget. Therefore, discard an unused credit card and your credit score will increase slightly.
Have your previous loan repaid.
Due to the various loopholes in contracts with unfair companies, it is always better to have paper in your hand that indicates that you have repaid your previous loan with another lender . For you, it’s a check that the non-bank loan has actually been repaid, for us certainty, plus proof that you’re leaving nothing to chance.
Always pay attention to the due dates.
Just a few days late and the credit score can start to fall. Therefore, keep a close watch on the deadlines and if problems arise, notify them immediately. It’s better than stopping paying without a word. Your non-bank loan might not be approved again.
Work on your reputation.
The most complicated, most demanding but also the most useful tip. A name associated with good payment discipline always has a better credit score than a dishonest borrower. For example, using a credit card that you repay on time or a properly repaid non-bank loan will make a good advertisement.