1. Number of events:
a) How many times have you missed payments?
b) How many new loans have opened?
c) How many times has a loan been applied for?
2. Recency of events:
a) How recently were loan payments missed?
b) How many loan accounts have been recently opened?
c) How recently have loans been applied for?
3. Types of loans taken:
a) Which type of loans have you taken?
b) Whether they are secured or unsecured?
4. Value of loans taken:
a) How much is the level of debt?
b) How much additional debt is already available?
5. The credit score improves by:-
a) Paying bills on time
b) Repayment resulting in lower debt ratio
c) Longer credit history
d) History of different types of credit used
e) Restricting credit enquiries for seeking new loans
a) How many times have you missed payments?
b) How many new loans have opened?
c) How many times has a loan been applied for?
2. Recency of events:
a) How recently were loan payments missed?
b) How many loan accounts have been recently opened?
c) How recently have loans been applied for?
3. Types of loans taken:
a) Which type of loans have you taken?
b) Whether they are secured or unsecured?
4. Value of loans taken:
a) How much is the level of debt?
b) How much additional debt is already available?
5. The credit score improves by:-
a) Paying bills on time
b) Repayment resulting in lower debt ratio
c) Longer credit history
d) History of different types of credit used
e) Restricting credit enquiries for seeking new loans