Credit score is one of the most important factors when considering your financial health. Your credit score depends on a number of factors such as timely repayments, credit utilisation ratio, new enquiries, etc.
A high credit score can help in getting credit easily whereas a low score can make it difficult to avail credit in future. On the other hand, a low credit score makes accessing credit a big challenge in times of need or fulfilling important life goals like buying a house that entails taking a home loan necessary for most.
Paisabazaar’s Credit Improvement Service
A primary reason for a low score is a ‘negative account’ that may appear due to non-payment of dues or some errors in your credit report. If you have a low credit score, you should focus on tracking and taking the right actions to build the score. Paisabazaar’s Credit+, the credit improvement service, includes personalized expert help that can assist you build your credit health over time.
With the help of this Credit Advisory Service, you can rebuild your score by improving your credit behaviour and be future-ready to avail credit whenever required. Not every case is similar, so the personalised guidance provided by credit experts at Paisabazaar can be very beneficial for those who want to rebuild their credit score after making certain mistakes in the past.
However, in some instances, you may have a low credit score even if you haven’t committed credit mistakes. Here, this low credit score could be because of errors in your credit report. To address this, Paisabazaar also offers Credit+ Rectification Services where we guide you to correct errors in your report.