So Determining Loan Approval, Here's How To Fix Low Credit Scores

Credit score illustration (Freepic)

YOGYAKARTA Cara memperbaiki skor kredit sangat penting untuk diketahui, sebab hal ini merupakan salah satu penutunan persetujuan pinjaman yang diajukan oleh calon debitur kepada bank.

Please note, credit scores are figures that estimate the ability of customers to pay off their debts.

A good credit score generally ranges from 250-900. The high score indicates better debt payability.

On the other hand, the low score shows that customers have problems in paying installments.

So, how do you improve low credit scores? Check out the full information below.

No need to worry because there are several efforts that can be tried to improve it. Check out the following discussion.

1. Pay the installments that have been in arrears

The first way to fix the credit score is to pay the installments that have been in arrears.

In this regard, debtors or credit recipients can make a list of arrears based on due time. It can start by paying off the longest arrears.

In addition, debtors can also make lists based on nominal. Small installments can be paid immediately. Meanwhile, large installments can be adjusted to financial capacity. Try not to apply for new credit if there are still dependents.

2. Pay installments according to maturity

The next way to fix a low credit score is to pay the installments according to maturity.

When applying for credit, usually creditors or lenders will provide a certain deadline for customers to pay installments. Well, installment payments according to maturity can prevent poor credit assessments.

3. Avoid closing credit card accounts

Avoid closing unused credit card accounts. The reason is, this can have an impact on credit scores. In addition, closing credit cards can also change the remaining credit utilization (the ratio of the amount of credit that has been used with the total limit they have).

4. Check credit limit

When applying for a loan, try to use a credit allotment of 30 percent or less. This is so that you can secure loan rations in the future.

Just so you know, everyone has a different loan limit. Well, customers often feel safe because they have a high limit.

Finally, customers become careless and always borrow large amounts of money. Instead, this needs to be avoided and take the most credit rations possible.

5. Check credit reports

Cara memperbaiki kredit skor yang terakhir adalah dengan selalu memeriksa laporan kredit atau credit report.

Credit report is a credit report of debtors while undergoing credit activities containing complete information about debtors' identities such as credit profiles, credit history credit, to credit scores. Debtors can get a credit report by visiting the OJK office or other LPIPs.

By checking credit reports, customers can find out the description of the risk profile and financial reputation. Credit report also contains predictions of possible default if given a loan.

Cara Melihat skor kredit dapat dilakukan lewat laman Idebku OJK. Berikut langkah-langkahnya:

That's the information on how to improve score credit. Hopefully this article can add insight to the loyal readers of VOI.ID.