The higher your credit score, the better quotes you may get. A good credit rating reveals financial discipline and balanced payments. It showcases the person’s ability to manage the loan payments without affecting the basic financial requirements. It thus reduces the risk for the loan provider. Hence, you may qualify for better-rate credit cards, loans, rent and even fetch sound employment opportunities.

However, your credit score drops no matter how hard you work to upkeep it. It could be due to minor negligence, missing a payment, changing income, or exceeding the available credit limit. Thus, you may think- “is there any way to keep my credit score in top shape year-round?” Well, yes, there is. You cannot control the economy or uncertain financial events.

However, you can certainly reduce the impact of these events on your credit score. The blog details the strategies that may help you keep your credit score high throughout the year. Read ahead to learn interesting ways to do so.

What affects the credit score the most?

Not one but multiple factors affect the credit score of an individual. Payment history impacts the credit rating the most followed by the amounts you owe. Here is a clear breakdown of the aspects affecting the credit rating in detail: