About the Video
Want to get cheaper and faster loan approvals? Look no further!
๐ด ๐ฆ๐๐ฎ๐ฟ๐ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐๐ถ๐๐ต ๐๐๐๐ฅ โก๏ธ https://www.interactivebrokers.com/mk…
โฌ๏ธ Timestamps:
0:00 โ Introduction
0:37 โ What is a credit score?
1:47 โ Ad break
2:39 โ How is credit score calculated?
5:31 โ How to improve your credit score?
7:46 โ How to check your credit scores?
9:34 โ Conclusion
Imagine getting faster loan approval for that dream property or for emergencies! Your future self might thank you for the foresight.
What is a Credit Score?
It’s a number that acts as your financial report card. A poor score can lead to declined loans. Curious about terms like CTOS and CCRIS? They’re Credit Reporting Agencies (CRAs) that collect your credit info and provide it to lenders when you apply for loans.
How is a Credit Score Calculated?
There’s a formula, with 5 factors: payment history, credit utilization, types of credit, new credit accounts, and credit history length. And remember, a good score ranges from 697 to 850.
Improving Your Credit Score
A lower score isn’t the end! Banks also look at your relationship with them, income, and employment history. But tips to boost your score? Limit new credit requests, think before cancelling old cards, never miss payments, and review your credit reports!
How to Check Your Scores?
I’ll guide you through checking on CTOS. And a bonus, you can also access your CTOS reports through your Touch โn Go e-Wallet app!
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