Ways By which you can Boost your credit score

A good credit score helps you in many ways like the ease of getting a loan at the best terms — it can also help you in saving your money on things like utilities, rent or a cell phone plan.
Your credit score is calculated by going through a lot of parameters and your financial data which includes your payment history, how much credit you have and the length of credit history..
Here in this blog, I will discuss with you some ways on how to build your credit score for your personal finance management :
1)Get yourself a New Credit Card
Now, It is the right time to have a credit card if you’ve never had it before, your scores may be suffering because of that account mix factor we talked about earlier. Just make sure you make on-time payments — a new credit card account with a bad payment history will hurt you, not help you improve your credit score, so make sure you always pay your credit bills on time.
2)Monitor Credit Card Balances
One major factor in your credit score is how much revolving credit you have versus how much you’re actually using. The smaller that percentage is, the better it is for your credit rating.

3)Set Reminders for your due Payments
Making your credit payments on time is one of the biggest contributing factors to your credit scores. Some banks offer payment reminders through their online banking portals that can send you an email or text message reminding you when a payment is due. You could also consider enrolling in automatic payments through your credit card and loan providers to have payments automatically debited from your bank account, but this only makes the minimum payment on your credit cards and does not help instill a sense of money management.

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