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Kareem recently learned that he has a good credit score and is planning to apply for a loan. what could negatively affect kareem’s credit score?

Sagot :

Payment history — whether you pay on time or late — is the most important factor in your credit score making up 35% of your score. That's more than any one of the other four major factors, which range from 10% to 30%.

CIBIL score

Thee factors that affect your CIBIL score, you need to be careful and avoid a couple of mistakes. Some of the mistakes that can negatively affect your CIBIL score.

  • Not settling bills on time
  • Holding a high credit utilization ratio
  • Availing of several unsecured loans
  • Creating multiple credit inquiries
  • Having no or low credit history
  • Not reviewing your CIBIL report
  • Closing old credit cards

To learn more about credit scores visit the link

https://brainly.com/question/25668115

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