Credit score: Understand and improve it

Credit Score or Rating is a major factor if you are looking at funding options. It's now easy to access your credit file as it is nowadays available online.

Today, let's explore the different ways to secure that you constantly have a good credit rating to allow you to access the best deals.

Have a score

Before anything else, you must have a score to start with. It's important to know that having no score is not a good score. Credit rating doesn't start from the being good and just go up or down based on your activity. You must have a credit history to base your credit score from for it to even exist.

On time payments

Now that you have a score to start with, prevent it from going down by making sure your payments are always on time if not ahead. Missed payments can really make your score suffer.

Payment plans

However, if you know you will be late on your payment and have no choice, arrange a payment plan.

Regularly check your score

Take the time to look at your credit score, this can help you see any inaccurate data. If you do find any error, you should contact the credit reporting company for disputes.

I hope you find these tips helpful in building up your credit score!