Credit Report Application Content Changes

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Get Your Free Credit Report NOW!

With detailed analysis & monthly updates.

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Hi, Ankit (there is a space missing here, please update)

Hmm, it looks like your profile is NTC (New to Credit)

There is no bureau report for you yet. However, you can build a healthy credit profile from our
selection of credit products.

Refresh >> Click here!

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IndiaLends Insights

Pay your bills on time.

Late or missed payments can negatively impact your credit score.

Maintain a low credit utilization ratio.

Keeping your ratio low, ideally below 30%, demonstrates responsible credit management.

Add a new credit product.

Maintain a good credit mix. Apply for a PL/Credit card.

Limit new credit applications.

Avoid applying for multiple new credit accounts within a short period.
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What are total accounts?

Total accounts are the number of accounts of credit accounts (e.g., credit cards, loans) that you have
open or closed.

How does it impact?

It demonstrates your ability to manage multiple credit obligations responsibly and has a LOW
IMPACT on your credit score.

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Payment History

IndiaLends Insight

The timely payment shows your reliability in meeting financial obligations.

What are timely payments?

Timely payments refer to consistently paying your bills and credit obligations on or before the due
date.

How does it impact?

It shows that you’re reliable & have responsible financial behavior. It has a HIGH IMPACT on your
credit score.

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Credit card utilisation

IndiaLends insight

Your ideal credit utilisation should be less than 30%.

What is credit utilisation?

It is the percentage of your available credit you are currently using and a measure of how much your
credit limits are being utilised.

How does it impact?

Higher utilisation ratios can indicate that you’re relying more on credit. It has a HIGH IMPACT on your
credit score.

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Age of account

IndiaLends Insight

You should avoid closing your older accounts as it shows stability.

What is the age of account?

Account age represents the length of time your credit accounts have been established. The older the
account, the better it is.

How does it impact?

Longer-standing accounts demonstrate stability and can positively contribute to your

creditworthiness.

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IndiaLends Insight

It's advisable to be selective when applying for new credit.

What are credit enquiries?

Credit enquiries refer to when a lender or creditor accesses your credit report to assess your
creditworthiness when you apply for new credit.

How does it impact?

Too many hard enquiries on your credit profile lower the score & show that you're applying for more
credit than you should.