4 Important Factors That Decide Your CIBIL Score

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4 Important Factors That Decide Your CIBIL Score
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• Ways by which you can increase your credit score

A credit score is a financial representation of
an individual on the basis of his financial
activities and records in the past. The score is
enough for a loan provider to understand if the
borrower is responsible and will be able to
handle a debt, based on past records. Hence, a
good Experian credit score makes you a
responsible and safe borrower.
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• Get a balanced credit mix

There are various types of lines of credit
available in the debt portfolio. You get options
like secured, unsecured, revolving, and
installment loan options. One needs to saturate
his or her credit mix with all kinds of loans,
and not just concentrate on one type of loan. A
perfect credit mix option would be a credit card,
personal loan, and auto loan.
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• Payment records

Payment record takes around 20 of your credit
score calculation. So, if you are having a bad
credit score, your delayed payments have probably
been the cause. So, automate your payment and pay
the bills on time. It is important that you track
the due date, automate your payment and have a
clean track record.
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• Credit age

In order to make borrowing easy, a good Experian
credit score is one of the best ways to explore
the debt portfolio. A good credit score makes
approval instant and offers low rates. Start your
credit score check free online process today, to
keep yourself informed for improvement.
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Thank You
For more information please contact
Clix Capital Services Private Limited Email
hello_at_clix.capital Mobile [phone]