<div>Do you know what a <a href="https://www.investopedia.com/terms/c/credit_score.asp" rel="noopener noreferrer" target="_blank">credit score is?</a> If not, then here we will provide you with a clear concept regarding the understanding of credit scores.</div><div>A credit score is a number that depicts our creditworthiness, the value of a credit score ranges between 300 to 850.</div><div>Now you might be thinking that what is a good credit score, right? So let's know about the different ranges of credit scores.</div><div>If the credit score is between 300 to 549 then it is considered bad, if the score is ranged between 550 to 649 then is said to be average, whereas if the score is between 650 to 749 then it is good, and when the credit score is above this then it is considered to be an excellent score.</div><div>
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      </div><h2>How to improve your credit score?</h2><div>We believe in helping you, and so we understand that because of some reasons you don't own a good credit score. But don't worry anymore, we are here to help you out in the improvement of your credit score.</div><div>To improve your credit score you need to follow some basic steps which are mentioned below.</div><ul><li><strong>Review</strong>: Review plays an important role while you are planning to execute something. You should review what is working and what is not working in your favour, reviewing can let you know the root cause. As a credit score is affected by the payment history, the amount owed, length of credit score, new credit applied for recently, and types of credit used.</li><li><strong>Bill payment</strong>: Top lenders focus on your different factors in which every factor has its different value and importance payment history own 35% of the value, 30% is accounted for by the credit usage, 15% by the age of credit accounts, and the credit mix, as well as new credit inquiries, holds 10% each. So according to this, you should avoid practicing late payments because this can help you to improve your score.</li><li><strong>Credit utilisation</strong>: We believe that understanding credit utilisation is as important as anything else, it plays a crucial role in your credit score. You should either prefer to ask for an increase of your credit limit or you should limit yourself as per your credit. You should pay your credit balance every month, you should have a limit on taking credit and while taking it you should plan how to pay back when to pay back and set limitations for yourself accordingly.</li><li><strong>Hard inquiries</strong>: These are another important factor in boosting your credit score. It accounts for approximately 10% of your score rating, so try to remove erroneous inquiries.</li><li><strong>Thin credit file</strong>: The simplest and the best way you can acquire to maintain your credit score is to not have enough credit history.</li><li><strong>Old accounts</strong>: While counting the credit score, it is also checked how long you have held that account, so let your old accounts be open because that will be more favourable to the lenders.</li><li><strong>Monitoring credit</strong>: We believe that in today's busy world you need to have a credit monitor which will help you to monitor all the credits anytime you want.</li></ul><div>
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      </div><h2>What are the benefits of credit score?</h2><div>There are several benefits of having a, some of the benefits of a credit score are as follows-</div><ul><li><strong>Low-interest rates</strong>: Having a good credit score will help you to get the best low-interest rates, this will help pay off the debt sooner.</li><li><strong>Credit card and loan approval</strong>: One who has a better credit score acquires a better chance of credit card and loan approvals.</li><li><strong>Approval for higher limits</strong>: With a better score, you can ask for more, and the banks can not deny paying you because of your score.</li><li><strong>Negotiating power</strong>: Good credit score lets you get the power of negotiating while asking for a credit card, loans or any such stuff.</li><li><strong>Security deposits</strong>: If you have a good credit score then you can buy a new phone without any security deposit. But everything is good to some extent so if you have always had a good credit score then try to maintain that instead of being more excited and spending a lot that you can't repay.</li></ul><h2>Why choose Spare8?</h2><div>Spare8 is here at your service, we help you to plan investment as we believe in investing while you spend. In today's busy world people don't have time for understanding and handling the process of long-term investments. The youth wants to earn rewards every day which is quite possible at Spare8.</div><div>No one prefers to go for an investment which has a long process, long term, fixed limits, and other many rules and regulations; so at our place, you can enjoy such freedom with the benefits that we provide to our customers. We provide several benefits to our customers which make investments an easier method to earn money. You can download our app from the Google play store and enjoy the facilities with your one touch. So with our app, you need not run after different organizations to plan and invest you can just do it by our app. We are simple to use and don't drag our customers in lengthy processes of KYC.</div><div><br></div><div>To get started with us, you just need to provide your basic information and we will be good to go. The best thing at Spare8 is that we haven't set any minimum or maximum limits for your investment, which makes things easier for you. You can start with one rupee investment or with any high amount that you wish to prefer because we are good with anything that you plan as we work for you and your benefits.</div><div><br></div><div>Another benefit that you can acquire from us is that we don't lock your investment, so you can invest now and take it back whenever you want to. With this unlocking stuff, we let all kinds of people invest, who might be confused regarding investing but no more confusion will be there and you can invest with full confidence. Spare8 also assures you 100% safety, purity as well as security, so <a href="https://www.spare8.com/buy-digital-gold" rel="noopener noreferrer" target="_blank">invest with us</a> and enjoy the process and benefits of investing.</div><div><br></div>

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