[vc_row][vc_column][stm_spacer height=”150″ height_mobile=”-100″][vc_custom_heading source=”post_title” font_container=”tag:h4|text_align:center|color:%233f3f3f” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][/vc_column][/vc_row][vc_row][vc_column width=”1/6″][/vc_column][vc_column width=”2/3″][vc_single_image image=”14191″ img_size=”large” alignment=”center” css_animation=”none”][stm_separator color=”custom” style=”style_3″ custom_color=”#0d97ff” sep_width=”200px” sep_height=”10px” sep_css=”.vc_custom_1571309810608{margin-top: 20px !important;}”][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][vc_column_text]The term “credit score” may not be something we encounter daily but that doesn’t mean it’s not important in our lives. 
As a matter of fact, it plays a vital role in terms of having a more financially sound future. 
So what is this credit score and just how useful is it for us? First of all, it is simply defined as a numerical representation of an individual’s creditworthiness which is determined by his personal financial data. 
That’s a mouthful. Put simply, it’s just like having a report card in the classroom. Your credit score reflects your financial performance.
With these things in mind, one should be able to keep their credit score at a healthy rate to secure the best interest rates, be easily approved for a loan, and earn a higher spending limit.  
Here are 3 simple ways to improve your credit score:[/vc_column_text][vc_column_text]1. Choose your loan applications wisely
Banks, financial institutions, and lenders have a record of your credit. When they see that you have accumulated a large number of applications in a short period of time, it usually serves as a warning that you may be biting off more than you can chew. Pace yourself and apply for loans that are necessary and that you know you can pay.[/vc_column_text][vc_column_text]2. Pay on time and pay more than your balance
Paying your dues on time displays that you are in control of your finances and are responsible for any debts you have made. Don’t miss out on monthly payments by making sure that you have reminders on when payments are supposed to fall. This includes your phone contract, water and electricity bills.[/vc_column_text][vc_column_text]3. Maintain a consistent line of credit
Lenders generally want to see proof that someone can handle credit before they agree to give it to you. While you may be fine that you don’t have any debt on your name at this point in time, you may find it harder to access some credit when you really need it at some time in the future. Take on a small amount of credit, one that you’re sure you can pay off regularly to show that you’re responsible with your finances.[/vc_column_text][vc_column_text]As we continue to tread at the uncertainties brought about by the COVID-19 pandemic, managing your finances well means being ready for the rainy days. Should you be financially short in the event of an emergency, you can rely on Uploan as we offer salary loans fit for the needs that may arise. 
More importantly, we are committed to promoting financial literacy through our insightful blogs and podcasts. To learn more about improving your credit score, listen to our “Level Up” podcast here or read the blog here.[/vc_column_text][vc_raw_html]JTVCRElTUExBWV9VTFRJTUFURV9TT0NJQUxfSUNPTlMlNUQ=[/vc_raw_html][/vc_column][vc_column width=”1/6″][/vc_column][/vc_row][vc_row disable_element=”yes” shadow_x_offset=”0″ shadow_y_offset=”0″ shadow_blur=”0″ shadow_spread=”0″][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text][/vc_column_text][/vc_column][/vc_row]