Timely Repayment

Timely Repayment History
Your repayment history carries the most significant weight in calculating your credit score. Consistently making on-time payments establishes a solid foundation for a strong credit score, while missed or late payments can severely damage it.

When lenders observe that you consistently repay past loans and credit card bills on time, they gain confidence in approving your new credit applications. Conversely, a history of missed payments raises red flags, which can restrict your borrowing options.