How to Build and Maintain a good Credit Score

             A credit score is a quantitative value of an individual's ability to repay the borrowed amount. Higher the value, the better the individual's creditworthiness. A credit score is usually a 3-digit number that falls between 300 and 900, with 900 being the highest. 

How to Maintain a good Credit Score?

• Maintain a good mix of secured and unsecured loans
• Maintain a healthy Credit utilization ratio
• Always pay the full amount due 
• Avoid Late payments
• Avoid frequently applying for loans/credit
• Do not close old credit cards 

How to Build a Credit Score?

• Apply for a secured Credit Card

            Become an Authorized User

• Apply for a secured loan

After a year apply for an unsecured Credit Card.