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The Ways To Raise Your Credit Score


The Ways To Raise Your Credit Score

Credit history is important and one in each of the foremost factors besides your monthly financial gain that is thought of by a Loan Manager therefore on return to a choice whether or not you qualify for any loan or credit card.

CIBIL helps you get your Credit Score online instantly without much trouble. Approved by most of the banks and lending firms in India, you're at risk of getting financed whether for a brand new home, car, or the other personal needs if you have got a decent CIBIL score.

Hence, to urge your loan approved, it's highly essential to keep up a good credit score. To maintain a good CIBIL Credit Score, you want to follow these 7 simple rules:


The most important and therefore the best thanks to improving your credit score is to pay your loan EMIs on time with no defaults. payment of your EMIs suggests that you simply are financially stable.

  • Make full payments of your credit card bill:

Our credit card bills offer two modes of payment. Either you'll go for full payment of your dues past month otherwise you will pay the minimum amount due for the bill. Always ensure that you simply fill up payment on your credit card bills.

  • Don’t apply for an additional credit card or Loan if not necessary:

Never apply for an additional credit card unnecessarily. Beware that if you apply for additional credit or loan unnecessarily with none urgent requirement would result in more credit exposure which might successively affect your credit score negatively.

  • Don’t use your credit card unnecessarily: Credit Card may be a utility product and not a luxury one. you need to use it wisely rather than using it frequently for all of your payments reaching the credit limits monthly.

  • Prepay your existing debts: Always attempt to prepay your existing debts so as to enhance your credit score. Incomes from the bonus or monetary gift or another source of savings are used for such prepayments to enjoy a healthy credit score.

  • Avoid being a Joint Account Holder in an exceedingly Loan or Credit Card: The biggest that a lot of individuals make is become a joint account holder or a guarantor for a loan or another credit card facility. it should help the opposite party but would cut your credit score way an excessive amount of for any defaults within the repayments.


  • Review your Credit History Regularly:


In order to create sure that you’re on the correct path together with your credit history, keep reviewing it on an everyday basis.

At the tip of the day, logic should dictate what you are doing along with your financial life and good financial habits together with an awareness of credit scores will facilitate your build a good credit history and good credit score


From Team,

Sunita Finlease


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