Because the significant amount out of weightage inside credit history formula relies on fees records, hence it’s very important you never skip one commission on your charge card otherwise mortgage EMI. Actually one default can also be hurt your credit rating, therefore it is tough to get borrowing from the bank later on.

It is strongly recommended one to that have a card utilisation proportion regarding 30% and you will lower than is made for your credit rating

Maxing away mastercard limitation indicates youre borrowing hungry and this you certainly will effect your credit score adversely.