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5 Best ways to improve your credit score
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It's important to check your credit report inside out for two major factors -
Any errors or incorrect information that is bringing your score down, and
Credit where defaults or delayed payments bring down your score
Stay on top of your Report Game
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Paying your credit card bills in full on time goes a long way in getting that CIBIL score higher.
Delayed payments can not only charge you interest, but also bring down your credit score.
Pay your bills on time.
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If you've taken out loans, timely clearance of these helps to stabilise your credit score.
Similarly, avoid taking too many loans, especially if you haven't cleared previous ones.
DOn't let Debt grow
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If you've applied for a credit card and have been rejected for having a low score, don't keep applying again.
Since this info is stored, the best option you have is to try to increase your score and apply for a new credit card.
Take the rejection
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Look into your accounts to see if you have a patterned loan behaviour and see how you can mix it up.
For eg - If you have only unsecured credit like credit cards, try to take secured credit like home or personal credit instead.
Diversify your credit
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Waiting to get your hands on a Credit Card that's perfect for you?
Stay tuned and watch this space for more!