10 things to avoid if you are using credit card - ruloans

10Things to avoid if

you are using Credit Card

Applying For Every Credit Card You See

By applying for as many credit cards you come across will lead you to

bad CIBIL Score.Therefore it is highly

recommended to avoid such habits.

Co. Signing loan for someone who is financially reckless

While co-signing a loan to your friend or closed one, make

sure they can repay the loan amount on time. Such

decisions should not be made on the basis of

emotional sentiments, by co-signing loan for someone can affect your CIBIL Score too.

Avoid Credit Altogether

Many people just stop using their credit card which ultimately affects their Credit Score. Make sure

you some or little transaction through credit card which will help you to boost your CIBIL Score

Let your Credit Score Slip

Even being aware of the credit score downfall, one

should take important measures in order to boost

your credit score. Being ignorant & letting your

credit score slip won’t help you.

Not to check errors in Credit Report

Many people do not cross check their Credit Report & believes it blindly. Such silly mistakes can create a great impact on your Credit Score. Therefore make sure there is no errors

in your Credit Report.

Applying for credit card without research

Before applying for any credit card, do little market research in order

to know which bank provides what credit deals. Compare

these credit offers & choose a credit card deal which suits your

needs & lifestyle. You can compare credit cards on RuLoans

Changes of too many jobs

Frequent job change can categories you in

unstable job segment which gives you negative

remark on your credit report. This also

questions your credit repayment capacity.

Use too much Credit

Too much usage of credit can be dangerous

sometimes, as you have to repay all the amount with the addition of interest. Its

always advisable to use your credit only when its

essential.

Close your other Credit

Closing or not using your other credit cards can lead you towards the

downfall of credit score. Try minimum transaction

if possible in a way to keep your credit card

active.

Miss a Payment

It is very important to repay your credit on time without fail. Missing payment give

negative remark o you Credit Report. It is very important

as it also helps you to build a good credit history.

Thank You!For more credit card / loan details contact us

Visit : www.ruloans.comCall : 1800 266 7576Mail : support@ruloans.com