And not all credit card users know everything about credit score. There are many facts and myths to know about this credit score. Let’s see that.
Can I check my credit report repeatedly?
Is the score dependent on income?
This is a myth.. Credit report has nothing to do with income. Financial discipline and cash management are important.
If you save Rs. 58 per day.. 8 lakhs in hand.. This government scheme is over!
Are loans possible with credit score?
Credit score is not the only criterion in loan approval. Confidence in yourself is also taken into consideration, including many factors that inform your financial history.
Does closing old credit cards increase credit score?
Don’t do this. This will reduce your credit history. A long credit history means that banks will have a good impression of you.
If you save 7 rupees per day.. per month Rs. 5 thousand pension.. Do you know about this scheme?
If applying for a new credit card..
If we keep applying for loans and credit cards everywhere we can, chances are high that the credit card score will get damaged.
The role of interest rate..
Along with your credit score, your income, age, and credit history play an important role in determining the interest rate when getting loans.
A stock that made Rs 2.65 lakh in 15 days.. Do you have this?
Is it better to not have loans and credit cards?
It is known that everywhere you can understand by the hands. Here too banks can understand your repayment capacity based on your credit history. can estimate. So if you have a good credit score and credit history, there are more chances of getting a loan.
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