SCORING | How do lenders decide whether to give you money?

In simple terms, scoring is an evaluation system that helps lenders predict the payment discipline of someone applying for a loan.

So, thanks to this 'invention,' it’s easy to figure out the probability of someone repaying their loan and whether it’s worth giving them the money.

How can you improve your rating in the eyes of your creditors?
To achieve this, first and foremost, you must repay your loans diligently. Late payments will ruin your credit history, and it carries the most weight when calculating your scoring points

You should check your credit history regularly, even if you always make your payments on time. This way, you can be sure that all the information is reflected correctly. Sometimes banks forget to report to the credit bureau that a debt has been paid off, and a delinquency appears in your credit history.