Donít let bad credit history repeat itself
Get a copy of your own credit report at least once a year and make sure you follow up to get any errors corrected to ensure it does not hurt your credit score.
Pay your bills on time
Keep unsecured loans to a minimum. Donít close your old credit cards as repayment history on older credits has a higher weightage than on a newer facility. If you have used the credit limit on your card almost fully then apply to get your credit limits enhanced to show lower utilisation of your credit limits.
You will hopefully realise that there is a vital function the credit bureau performs and not just that of a ĎBoogeymaní. l
ó Author is CEO, ApnaPaisa.com
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