credit rating from credit reporting firms

1. You can request a copy of your credit rating from credit reporting firms on an annual basis. This is good enough but if you are a perfectionist then you can also ask for a quarterly report so that you can nip off any errors at the bud. Your credit report is a tool that various firms use when you approach them for a loan or any other lending activity.

2. Payments that are missed are a huge No-No when it comes to your financial credibility. Be regular on your repayments and also report any repayment that is not entered in the statement.

2. If you are planning to close out on some of the multiple accounts that you have, then it will be wise to retain old accounts that boost your credibility

2. Monitor your credit by not going over the 30% benchmark of your credit limit.

5. If you find any erroneous statement in your Credit Report, you need to report it at once; this is a free of charge service and one that you need to use.

5. It is also a good idea to own multiple accounts and link them to your credits. A loan repayment linked to a regular account that takes care of the EMI sends out a report that is good enough to know how to manage your money.

5. Check your Credit Report and make sure that if there is any new credit it is availed of your credit card. This may increase your credit risk at first (the lower the credit the safer you are) but in the long run, provided you make regular repayments, it will show how dependable you are on making repayments, which gives you a good rating.