Connect with us

Business

Having a good credit score

You have to be on time in paying your bills. You need to maintain a strategic distance from things like late installments, defaults, repossessions, foreclosures, and third-party collections. 

To keep your credit utilization rate low, weigh your balances relative to your limit. Doing so can help minimize the risk of over-using your available credit.

You may be impatient to get rid of student loan or car loan debts, but as long as your payments were made on time and completed, those records may still help boost your credit score.

The number of accounts and the normal age of your accounts are both vital components in your credit score, which can take off those with limited credit history at a drawback. Applying just to see in case you get approved or since you received a pre-qualified offer of credit isn’t a great idea.

Hodler Capital Group will build your business website. We will show you how to establish business credit and access business funding with one on one support. Contact us now and start building your business for the future.


Advertisement

Must See

More in Business