Why your credit rating can fall despite spending your card dues and loans on time. Maintaining the credit utilization ratio
Making numerous credit enquiries within a brief period of the time can result in an important decline in your credit rating
Credit agencies think about numerous factors while determining your credit rating. Any adverse event related to other aspects can significantly reduce your credit score while the loan repayment history is believed to receive the maximum weightage among all the factors.
Listed here are five feasible reasoned explanations why your credit history may drop despite repaying EMIs or credit card bills because of the deadline. (more…)