With the credit rating being used in commercial transactions, many people have problems in taking out loans and taking credit cards from banks and therefore may suffer in case of need. In this article, we will try to address the issue of “What Should the Credit Rating be?” In order not to have problems with the banks and to obtain easy credit approval, which is one of the curious issues by clarifying the credit rating issue.
Are endless today has brought some cash needs. So much so that a new residence or vehicle to be bought is based only on money. For this reason, it is in search of cash and banks have found solutions to this problem of people. The loan is given under the name of the loan and is taken back by applying interest.
There are some conditions naturally when taking out a loan and not every citizen is easily given a loan. In this regard, credit rating comes into play. The first condition required in loans is sufficient credit ratings.
The credit rating is a score held by the Credit and Registration Bureau, which varies depending on the usage and payments of individuals in the past, based on the scoring system between 0 and 1900. The credit rating of each individual is determined by himself. If you want to take credit from banks, you must have a sufficient credit score.
In other words, it looks at your bank history and sees that you pay your loans and credit cards regularly. Naturally, he feels confident and gives you the possibility of credit. We would also like to say that each bank operates a common screen and each individual’s credit rating is displayed on the same screen.
As we mentioned in the previous section; A person’s credit rating by the Republic of Turkey may have the highest credit rating system in 1900. There is no credit rating above this figure. The lowest credit score is 0. In fact, the fact that the credit rating is zero means uncertainty, which means that the person has not previously worked with banks rather than the credit rating being low.
There are many methods you can use to learn your credit rating. If we talk about these briefly;
All the platforms you can use to learn your free and paid credit rating are also detailed in this section, you can browse and learn your credit rating immediately.
As we have just mentioned, the credit rating system is between 0 and 1900. The credit rating of individuals who have no communication with banks is 0. Other than that, if you have a score between 0 and 1099, the chances of withdrawing from banks are very weak. Your credit rating must be between 1500 and 1900 in order to be able to take credit and get credit easily. Individuals with scores between 1100 and 1499 are in the low-risk group. Not all banks give loans to these individuals, but they can ask for guarantors or mortgages. In this context, if we prepare a general table;