How To Maintain A Good Credit Score
Maintaining a good credit score is crucial as this is the basis of most financial institutions in approving you of a loan. You cannot afford to have a bad credit as it will only limit your chances of availing financial aids. Below are the habits you have to practice to maintain a high credit score:
- Pay on time.One of the major factors that dictate credit scores is timely payment. Not paying your bills on time can hurt your credit score terribly. So every time you use your credit card, be mindful of your credit dues. If possible, create an automatic repayment plan with your bank so that you won’t encounter late payments.
- Don’t abuse your credit card.This does not mean you cannot anymore use your credit card as that won’t do anything good to your credit score. Credit scores increase because you use it responsibly. Thus, limit your credit card use to emergency finances or to small purchases. This can keep your dues at a minimum making it easier for you to pay them.
- Don’t add credit if you cannot responsibly manage one.You will only add insult to the injury if you do so. Rather than having too many credit cards, work on using responsibly a single card.
- Maintain accounts for a long time.Accounts that are open for a long time have high credit scores. Prevent your cards from closure by using it once in a while. Also take note that bureaus would take into consideration your closed accounts in determining your credit score.
But if it’s already too late and you are now facing a bad credit, don’t lose hope as Car Title Loans Canada can still offer you bad credit personal loans.
Poor Credit, No Problem! Car Title Loans Canada Can Help You
With the so many pressing problems we encounter today, what remains top on the list is money. The price of goods and services are now getting higher and higher which lead most of us to be desperate enough for financial solution to our other financial obligations. Unfortunately, not all of us can easily secure financial aid from banks or like institutions as many of us suffer from a poor credit rating.
If you are among the people who were marked with a bad credit score, today might just have been your luckiest day. At Car Title Loans Canada, we won’t take your credit status against you. We offer Essex bad credit personal loans to everyone – good credit, bad credit or no credit at all. All you will need to do is to secure the loan with the unused equity of your privately owned vehicle.
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