Learn definitively how to improve your credit score

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Some people have difficulty getting loans, financing, credit cards, etc., and they don't know why this happens or how to avoid these situations. To change this scenario, it is important to know what it is and how to improve your credit score.

We are talking about the score that indicates a person's financial relationship with the credit market, based on their payment history and debt commitment. The score ranges from 0 to 1000 points — the higher your score, the more trust the market will have in you when it comes to releasing money or benefits.

Want to know how to improve your credit score? See below for the main ways to do so!

Track your score
The main way to prevent a low score is to monitor it regularly whatsapp mexico to have greater control over your situation. Serasa is a leading company in credit analysis and allows you to check your score online and free of charge using your CPF number.

Your credit score is related to your risk of defaulting on your loan in the next 12 months. That's why companies always check it before granting you credit. The intensity of this risk varies with your score, as follows:

high risk: score between 0 and 300 points;
medium risk: score between 301 and 700 points;
low risk: score between 701 and 1000 points.
Clear the name
Overdue debts can cause your name to be negatively impacted by credit analysis companies, which will negatively impact your score. As a result, many companies will avoid financial relationships with you, since a bad credit rating may indicate a lack of commitment to payments.

Therefore, it is important to negotiate your debts with the companies you owe money to and prevent the situation from happening again. After clearing your name, your score will not increase immediately, but it tends to improve over time.

Pay bills by the due date
Paying your bills on time is a fundamental habit for maintaining a good credit score. Therefore, always plan your finances to avoid late payments, which can lower your score. If you haven't made a payment by the due date, it's important to make it as soon as possible.

Update the data
Keeping your basic information updated with credit analysis companies, such as Serasa, also helps to increase your score. So, whenever there is any change in information such as phone number, email, profession, etc., be sure to change it. This update can be done on the company's website or at one of its branches.

Have accounts in your name
Even if you don’t have any debt, you may have a low credit score. This can happen due to a lack of information about your financial relationship with the market — not having accounts in your name or transactions on credit cards, for example.

This way, your history cannot be evaluated and companies cannot be sure that you are a good payer, which can make it difficult to obtain loans and other benefits.

Make a Positive Registration
The Positive Credit Registry works like a financial resume that highlights your good payment habits and can improve your reputation in the credit market. It keeps a history with information about your purchases, such as the amount, number of installments and due and payment dates for each one.

It is especially interesting for self-employed professionals and people who cannot prove their income when applying for credit. In addition, it helps to obtain lower interest rates from some companies.

With the tips we present, it will be easier to improve your credit score and keep it high. This is very advantageous for obtaining capital to invest in your own business, since your good payment habits will be clear when checking your score.