General Photos : Know the common reasons for a low credit score in India

1 year ago

  • loanprovider loan loanagencyinahmedabad
  • The most common reason for a low credit score in India is missed or late payments, which is 65%.
    This is because lenders consider missed or late payments as a sign of financial irresponsibility and a higher risk of default.
    Other common reasons for a low credit score in India include:
    High credit utilization ratio,
    Too many hard inquiries,
    Short credit history,
    Errors on your credit report, etc.
    Improving your credit score takes time and effort, but it is worth it. A good credit score can help you qualify for loans and credit cards at lower interest rates, save money on insurance, and even get a better job!
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