Mar 17, 2025
This shows lenders you are trustworthy and responsible, helping to improve your credit score.
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Being a guarantor is risky since their missed payments can hurt your credit. Only agree if you're sure they can repay.
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Applying for many loans quickly can make lenders see you as unstable, lowering your credit score.
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Increasing your credit limit without spending more lowers your credit usage, boosting your score over time.
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It is crucial to make timely payments for your credit card bills and loan EMIs. Late payments greatly influence your credit score.
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Checking your credit card statements and reports regularly helps spot errors or fraud. Fixing issues quickly protects your credit score.
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A longer loan term lowers monthly payments, making timely repayment easier. While it costs more in interest, it helps build a good credit history.
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