Question

What can you do to build and maintain your credit rating?

Answer 1

Please find the below explanation and “ Don’t forget to give a like! Thank you”

To Build and maintain your credit rating you should do the following:

• Paying all your bills on time.
• Don’t cancel old credit cards.
• Reduce your debt balances.
• Check your credit report for errors and correct any mistakes at earliest.
• Avoid applying for new credit whenever possible.
• Using credit boosting services.
• monitoring your credit utilisation ratio.
• settle your debts as soon as possible.
• Don’t borrow more than you can afford.
• Review your credit once in a year.