Boost your Credit Score by Paying Rent

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2. Boost your Credit Score by Paying Rent   June 15, 2017 Srishti Chandola Real Estate Boost your Credit Score by Paying Rent Are you aiming for higher credit score? You should put your rent payment to work Of course, there are pros and cons for everything in life which includes renting a place to live in. People who like owning a property, for them, renting means losing the chance to build equity or may catch a tax break. Those who rent a house often enjoy low living cost in numerous situations. They do not have to maintain the property they are living into, and they have the flexibility and freedom to change their living arrangement quickly. Now, you can even add more check in pro column for renting a house. Paying rent can actually build your credit score in numerous ways. Here are 3 ways by which rent can boost your credit score. Make the payments on time and in full A huge portion of the credit score is completely based on your track record of paying the rentals open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

3. of what you owe as well as when you owe it. This definitely includes any loans that you have- student loans, credit cards and of course, the rental payments as well. The credit bureau will consider all your rental payment history when they look for this factor to calculate the total credit score. It is important to check and cross-check and see if the rental Management Company of the landlord will submit the information regarding the payments being on time as well as in full to the credit bureau. Put years on your credit clock Even when you are not a big fan of using credit, you will be benefitted from having a successful history of managing your finances. Whether or not it sounds fair, institutions at times use this measure to understand how financially responsible you are? Depending on this situation, having bad credit certainly trumps having no credits at all. Thus, it is very important to make a credit history and work into building your credit score. Paying the rents allows you to do so if your landlord or the management company reports the rental unit data to the credit bureau. This is not generally done by all the landlords, so, make sure you ask for it from your landlord so that you can create your credit history. Use credit card Most likely, one cannot make use of the credit card to make their monthly mortgage payment even when you have good credit and you always pay balances on time and in full. But you certainly can make use of your credit card to pay for rent and this can help in boosting your open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

4. score if you do it correctly and wisely. Using credit cards can actually help one maintain some responsible habits around the usage of credit card. Stick to putting only the necessary expenses on your card so that you can clearly and easily build your credit history, also, keep your accounts active, and get into the habit of paying the card off fully every month. This even helps for diversifying your credit usage. You ae not only making the rental payments on time and in full amount but you are also putting some another type of credit to work while you are outing efforts to do it. Showing this you can manage numerous accounts which might automatically help you to score. But be careful that the monthly rental does not eat up too much on your available or present credit every month. This is because of another factor that has an impact on your credit score that i.e.- credit utilization ratio. How much credit do you use versus the total credit that you have? This ratio basically makes up for 30% of how your score is to be calculated. The ratio makes up for over 30% of how your score is calculated. Remember, the lower the ratio, the better for the score. If the rent eats up a huge chunk of your present credit, make sure to pay off that as soon as possible. If you are wise enough, you will use your credit and develop some good habits for money management, you can certainly make paying the rent would make a little work for you by levering it to boost and build your credit score. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

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7. Favista Real Esta… Like Page Twitter Timeline Tweets by @FavistaRealty Recent Blogs Good news for buyers! Post-RERA, land deals to close 20-25% lower than the previous price June 16, 2017 Boost your Credit Score by Paying Rent June 15, 2017 Attractive Homes across India you would not like to Miss June 14, 2017 How to Incorporate Books into your Home Decor? June 13, 2017 Beat the Heat this Summer with Easy Home Hacks June 12, 2017 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

8. takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEAD alumni with experience in strategy consulting, internet marketing, venture capital having been part of companies such as McKinsey, Capital One, PartyGaming and SSG Capital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estate space. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services in India. ABOUT QUICK LINKS About Us Our Team Post Property FREE Career EMI Calculator Contact Us Blogs Terms Compare Projects Privacy Policy Download Mobile APP Disclaimer Sale Property Site Map Rent Property CONTACT FAVISTA open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

9. CONTACT FAVISTA Toll Free - 1800 2121 000 (ALL INDIA) Gurgaon - +91-124-3378700 Noida - +91-120-4117463 Unit 235 to 240 2nd Floor, Vipul Trade Center,Sohna Road Sector 48, Gurgaon, Haryana 122002. Mumbai - +91-22-40142051 Email Sales - sales@favista.com Email Enquiry - info@favista.com 1 Square meter = 10.764 Square feet Have More Questions? Do not hesitate to contact us! Read our FAQ's or Leave a feedback for us to contact you shortly. © 2015 Favista Real Estate Pvt. Ltd., All Rights Reserved. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API