Tips to Manage Credit Utilisation Rate to improve the cibil score

Credit utilization rate is the percentage of the borrower’s credit that they have exhausted. They are being calculated by adding the credit used by the borrower and then dividing them up by the total credit line among all the cards that they possess. In simple words, it basically tells how much the borrower has used the credit. The lower the credit utilization ratio, the better he is in the eyes of the lenders. I read an article on credit utilization rate on http://www.loankuber.com/. It helped me clear my basics on this topic. I also got…

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A Perfect Credit Score

A good credit score has become so necessary nowadays, every lending institution asks for it before giving a loan. So it becomes immensely important for a borrower to maintain a decent score. Also, it aggregates the borrowers with low interest loans. A good credit score ranges between 750–900. Credit Score There are some guidelines that a borrower should follow in order to maintain a pleasant credit score- Always maintain a proof for all your records. This would give the credit bureau a basis to evaluate your score. And in cases of a faulty…

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Cibil Scores are basically a rating provided by the credit bureau “CIBIL”.

Cibil Scores are basically a rating provided by the credit bureau “CIBIL”. This score indicates the responsiveness of the borrower in paying off his/her debts timely. It is necessary for a borrower to have a cibil score at the time of taking a loan because this score becomes a basis to judge the creditworthiness of the borrower by the lending institutions. To maintain a high cibil score, it is important that the borrower practices the following activities- Pay his/her debts timely Not to apply for multiple credit cards as paying…

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