10 things to avoid if you are using credit card - ruloans
TRANSCRIPT
10Things to avoid if
you are using Credit Card
Applying For Every Credit Card You See
By applying for as many credit cards you come across will lead you to
bad CIBIL Score.Therefore it is highly
recommended to avoid such habits.
Co. Signing loan for someone who is financially reckless
While co-signing a loan to your friend or closed one, make
sure they can repay the loan amount on time. Such
decisions should not be made on the basis of
emotional sentiments, by co-signing loan for someone can affect your CIBIL Score too.
Avoid Credit Altogether
Many people just stop using their credit card which ultimately affects their Credit Score. Make sure
you some or little transaction through credit card which will help you to boost your CIBIL Score
Let your Credit Score Slip
Even being aware of the credit score downfall, one
should take important measures in order to boost
your credit score. Being ignorant & letting your
credit score slip won’t help you.
Not to check errors in Credit Report
Many people do not cross check their Credit Report & believes it blindly. Such silly mistakes can create a great impact on your Credit Score. Therefore make sure there is no errors
in your Credit Report.
Applying for credit card without research
Before applying for any credit card, do little market research in order
to know which bank provides what credit deals. Compare
these credit offers & choose a credit card deal which suits your
needs & lifestyle. You can compare credit cards on RuLoans
Changes of too many jobs
Frequent job change can categories you in
unstable job segment which gives you negative
remark on your credit report. This also
questions your credit repayment capacity.
Use too much Credit
Too much usage of credit can be dangerous
sometimes, as you have to repay all the amount with the addition of interest. Its
always advisable to use your credit only when its
essential.
Close your other Credit
Closing or not using your other credit cards can lead you towards the
downfall of credit score. Try minimum transaction
if possible in a way to keep your credit card
active.
Miss a Payment
It is very important to repay your credit on time without fail. Missing payment give
negative remark o you Credit Report. It is very important
as it also helps you to build a good credit history.
Thank You!For more credit card / loan details contact us
Visit : www.ruloans.comCall : 1800 266 7576Mail : [email protected]