Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Explore a wealth of knowledge from professionals across various disciplines on our comprehensive Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.
Sagot :
Payment history — whether you pay on time or late — is the most important factor in your credit score making up 35% of your score. That's more than any one of the other four major factors, which range from 10% to 30%.
CIBIL score
Thee factors that affect your CIBIL score, you need to be careful and avoid a couple of mistakes. Some of the mistakes that can negatively affect your CIBIL score.
- Not settling bills on time
- Holding a high credit utilization ratio
- Availing of several unsecured loans
- Creating multiple credit inquiries
- Having no or low credit history
- Not reviewing your CIBIL report
- Closing old credit cards
To learn more about credit scores visit the link
https://brainly.com/question/25668115
#SPJ4
We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
