Do It In order to Bank Credit Application Always Approved

Credit scoring or credit score is a system used by banks to determine whether consumers deserve credit card, mortgage, personal loan, or other forms of loans.

In Indonesia, the term is almost the same as the SID (the Debtor Information System), a system that provides information about the debtor either individuals or businesses, which is processed by a report providing Bank Indonesia funds received from the complainant. The data is called Information Individual Debtor (IDI) issued by Bank Indonesia.

For consumers, the credit score makes you know yourself how inappropriate receive certain financial products. As for lenders, credit score gives lenders an idea for how much credit risk and feasibility of you as a (potential) customers.

Thus, the assessment is not based on a subjective, but the history of your financial assessment. When the bad financial or checking incoming BI (Bank Indonesia a bad credit history) then surely you are considered a bad credit score.

So what if a bad credit score? Banks could thwart the filing of a credit card, mortgage, or KTA (Loan). They judge gives the product extremely risky because of fear you can not settle the bill. So, how to get a credit score good ratings?Being credit card usersTo build a credit score, the first thing you must do is become credit card users. Credit card is a payment instrument that acts as a bailout. The bill shows how much money you borrow every month, when you pay, how kedisiplananmu in pay. It becomes data.

If you do not have a card credited, of course there is no track record. This is why to apply for KTA (Loan), one of the requirements that must be met is a credit card has a minimum of one year. (See also: This is the advantage Have Two or More Credit Card)Routine use of a credit cardIf you want good your credit score, use your credit card regularly. If it feels seldom shopping in bulk, start by entering a variety of pay regular bills such as electricity, pay phone, and shopping of daily necessities at the supermarket.

In this way slowly up your credit history will be formed. Do not be afraid to make big purchases as long as you have prepared the money to pay it off.Check credit card statementIn the credit card bills printed sheet score collectibility of the loans. Figures 1 to smoothly, 2 means special mention, substandard 3, 4 doubtful, and 5 jammed. If you got the number 1, this means that you get good ratings in the eyes of the bank to make the credit score the better.Paying bills on timeThis is a must. Do not get paid the bill after the due date. In addition will be charged interest and penalties, it also affects the discipline of using a credit card.

If you find it hard to pay off all at once, make a payment of at least 10% of the total monthly bill. If you have another installment for example a car or a house, try also not in arrears.Do not open the closed credit card accountsThe longer the credit history you have, the better the credit score. Perhaps you ask, what if I find a credit card that is more profitable?

You can use the new credit card without closing old credit card. Choose a credit card that frees annual fee so that you do not have to pay the extra cost though rarely uses such credit card.

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