Russians can improve their credit history in three to six months with disciplined payments

Brief retelling from RIA II

You can improve your credit history in three to six months by making disciplined loan payments.

Discipline in payments is the most important factor in the formation of a credit rating; its weight in the assessment reaches about 35%.

Even small POS loans or credit cards with a minimum limit that are paid regularly can help improve your credit score.

MOSCOW, September 29 - RIA Novosti. Russians can improve their credit history in three to six months if they make disciplined loan payments during this time, Alexey Pavlikhin, executive director of the online financial platform Webbankir, told RIA Novosti.

“The good news is that it is possible to create a positive payment trend and record it in the Credit History Bureau in three to six months. Discipline is the most important factor in the formation of a credit rating; its weight in the assessment reaches about 35%,” he said.

According to the expert, even if a Russian has a small POS loan, for example to buy equipment in a store, or a credit card with a minimum limit and he regularly pays for them, this will help increase his credit rating.