What factors has the biggest impact on credit score of a customer

[Stardom22]

This simply entails the history of making payments on time to the personal lenders.

 

[Niyi Briggs]

The single most important thing that determines a person's credit score is the person's credit history. If you have ever defaulted on a loan, your credit score would be negatively affected.

 

[Shavkat]

The best thing to find out if the client knows how to pay on time using their credit cards. In this way, we can able to determine the credibility of the client.

 

[Niyi Briggs]

For online loans, the vokume of your transactions as indicated from the bank alerts you have on your sms box is a huge index in calculating your credit score. That's why they would tell you to keep proper records.

 

[IB D]

Your income level also affects your credit score. If your Income level is high, institutions would be willing to lend you more money than with a low level of income.

 

[Niyi Briggs]

The major parameter used to determine your credit score is your credit history. If you have been paying your loans on time, your credit score would be high.

 

[Heatman]

This simply entails the history of making payments on time to the personal lenders.

One of the biggest factors that affects customers credit score is whenever you are not being sincere and prompt with paying when you are supposed to pay.

 

[Stardom22]

The credit score of a customer is all about the detailed report on the repayment of the loans taken by them from the various lenders. It can be used by lenders to determine what amount or legibility of the loan to be guaranteed.

 

[Bisolami]

The major parameter used to determine your credit score is your credit history. If you have been paying your loans on time, your credit score would be high.

You are right and this is why it is important to pay your loans at the right time

 

[flower]

If you have any unserviced loans, it will affect your credit score.

 

[Springtime]

The most important factor is your credit history. Whether you make payment promptly for your outstanding loans at all times determine your credit score. Even one or two delayed payment may have a negative impact on your credit history.

 

[hastral45]

This simply entails the history of making payments on time to the personal lenders.

A customer that pays up his debts as at when dues without delays or failures would enjoy good credit scores. It is this assessment that would allow customers to enjoy loan facility awarded by businesses.

 

[Stardom22]

In other words it is referred as the credit worthiness of the customers. This implies the history for the customers on the repayment of their debts to their lenders of the credit facilities.

 

[uptrendfinancialsignal]

Unpaid loans is what could affect or jeopardize your credit score record.