{"id":4683,"date":"2021-09-23T16:48:09","date_gmt":"2021-09-23T11:18:09","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=4683"},"modified":"2022-05-24T18:37:47","modified_gmt":"2022-05-24T13:07:47","slug":"habits-that-hurt-credit-score","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/habits-that-hurt-credit-score\/","title":{"rendered":"Beware of the Habits That Hurt Your Credit Score"},"content":{"rendered":"\n

Every day thousands of loan<\/a> applications are rejected based on various aspects, but have you ever wondered what happens when you approach banks for a loan? And why does your loan application get rejected? Because the banks and authorities primarily check your credit score<\/a>, i.e., your credit history, reimbursement capacity, and more. A credit score defines your creditworthiness, and it is a deciding factor on whether you are a good borrower or a bad borrower.<\/p>\n\n\n\n

A good borrower is defined by various factors such as timely dues, more credit limits, and no defaults. A bad borrower is when one has a history of delay in payments and a lower credit score<\/a>. The higher your score is, the better a borrower you are. As a result, lenders can mitigate and assess risk while lending you money. On the other hand, if your score is low, lenders frown upon lending since there\u2019s a risk of defaults by the borrower.<\/p>\n\n\nA credit score defines your creditworthiness, and it is a deciding factor on whether you are a good borrower or a bad borrower. <\/a><\/span>Click To Tweet<\/a><\/span>\n\n\n

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