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How Do You Ensure That You Have a Good Credit Score?

  • Posted:9th January, 2025
  • Updated:9th January, 2025

Here is a table that summarises the key tips for ensuring a good credit score:

TipDescription
Keep your credit utilisation lowIt is the amount of credit you are using compared to your total available credit. You should keep it below 30%.
Limit new credit applicationsWhen you apply for a new loan or credit card, a hard inquiry is reported on your credit report. Too many hard inquiries in a short period can lower your credit score.
Do not close old credit accountsKeep old credit accounts open, even if you do not use them often.
Dispute any errors on your credit reportReview your credit report regularly for any errors and dispute them immediately with the credit bureaus.

Review your credit report regularly for any errors and dispute them immediately with the credit bureaus.

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