Can personal finance help you build credit?

[freelancermaria]

You may increase your credit score by managing your finances properly. Make sure you pay your payments on time. In addition, if you have different types of credit, be sure you manage them carefully. It will assist lenders in determining if you can manage your financial responsibilities effectively, which may help enhance your credit score. Monitor your finances and credit score from time to time so you can handle any concerns as soon as they arise.

 

[Stardom22]

Its deemed as dedicated very nice idea for one to have a very diligently and committed responsibility for the personal credit matters. I think the higher the positivity of the credit score the higher the possibility for being a granted credit facilities.

 

[Starmix]

I'm so glad I don't have a credit line. I even surrendered my credit card. It's giving me a heartache. I sometimes can't control my spending so I pay huge charges.

 

[Augusta]

it can if you study and use it wisely. it is always good to improve your credit score and not decrease it

 

[Stardom22]

In my country, the only thing could help one build their credit score is by repaying back their loans in time and have a good debt management plan for that matter.

 

[Kross]

Most loan companies look at the history of transactions in your bank account to fix your credit score.

 

[Nomad]

You will be using credit cards, you will be paying insurance premiums, you might also have a personal loan and when pay back these you will certainly build your credit

 

[Springtime]

I believe my credit score is okay as I always pay my credit card bill on time. I have never borrowed money except the mortgage loan which I also repaid the monthly installment promptly. My mortgage loan is cleared now. No more debts.

 

[Min George]

I don't don't have any source of financing apart from my income and my credit is very high. Shows that personal finance is important in credit rating.