Taking care of and keeping your line of credit in good condition brings many benefits, especially if you are considering applying for another and here are five tips to get a good credit history.
Low credits:
If you just want to start with your credit history or do not have sufficient financial solvency, we recommend that you acquire credits in low amounts and that you be very punctual with your payments, as this will help you start with a good profile as a debtor.
Many Mexicans have problems paying their loans || Source: Pixabay
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Fix past due debts:
If for any reason you are late in a payment, do not worry but do take care, that is why we recommend that you go to the financial institution to reach an agreement to settle your overdue debt without it reaching collection offices.
Reduce your debt:
The best way to have a good credit history and above all to have healthy personal finances is to reduce your debt, you must take the time necessary to analyze your economic situation, considering your income and expenses, because in this way you will be eliminating those debts that generate you more interest.
Apply for credit cards:
If your financial situation is stable, it is time to look for a credit card, be careful, that does not mean that you can get into debt, it is just a way to show that you can be worthy of great opportunities such as a mortgage loan.
Increase your line of credit:
If you do not want to acquire a new card, we suggest that you increase your credit line, keep in mind that you must be very careful not to fall into over-indebtedness, credit is not an extension of your income, but an emergency line that can help you in many aspects.
If you want more information about credit or personal finances, remember that you can follow the official channels of Oink Oink where you will find the best content every day.
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