10 things to avoid if you are using credit card - PowerPoint PPT Presentation

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10 things to avoid if you are using credit card

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If you are using credit card make sure you are not following any of the mentioned mistakes. If you are, then stop it straightaway, as it will help to boost up your credit score. For more details visit - – PowerPoint PPT presentation

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Title: 10 things to avoid if you are using credit card


1
10Things to avoid if you are using Credit Card
2
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.

3
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.

4
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

5
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 wont help you.

6
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.

7
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

8
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.

9
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.

10
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.

11
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.

12
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  • Mail support_at_ruloans.com
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