Wednesday, June 29, 2022
BusinessHow to Increase Your Credit Cibil Score Easy and Quickly?

How to Increase Your Credit Cibil Score Easy and Quickly?

Are you having Bad or Low Credit Cibil Score on your profile? Dont Worry follow the steps to increase your scores quick and easily

Many times it also happens that even after all the documents are correct, the loan is not available, due to which the banks attribute the bad credit score.

If you also do not pay the loan or credit card EMI on time, then your credit score will also get spoiled.

In such a situation, if your credit score has deteriorated, then let us know here how to improve it.

What causes bad credit score?

If you have taken a loan from a bank and are not able to repay its EMI on time, then in such a situation your credit score gets spoiled.

At the same time, loan settlement, loan default and non-payment of credit card bills on time also result in bad credit score.

Apart from this, if you have become a guarantor of a loan and it has not been repaid, then even in such a situation the credit score is bad.


Read Also | HDFC Car Loan Online Quick Disbursal Process in 30 minutes


How is credit score calculated?

The credit score is calculated between 300 and 900 numbers, of which 750 or above is considered a good credit score. Credit score is calculated on the basis of 24 months history.

Timely EMI payment required

Loan or credit card bills should be paid on time, so that the credit score remains good.

If you do not pay EMIs or bills on time, then late fees have to be paid , which has a negative effect on your credit score.

Apart from this, you should not close your credit card account in order to improve your credit score.

Even if you do not have a single credit card/loan, your credit score will not be good.


Read Also | HDFC Bank raises interest rates on home loan by 30 basis points from May 9


Keep these things in mind for a good credit score

  • Keep checking for deficiencies in the credit report.
  • Keep trying to improve your credit balance.
  • Joint account holders should be avoided.
  • One should avoid taking multiple loans at a time, so that there is no financial burden.
  • Credit card should be used to the limit.
  • One should choose a long term loan so that the money can be easily repaid.

Covid India Active Cases

India
114,294
Total active cases
Updated on June 28, 2022 11:56 pm

DMCA.com Protection Status

Related Stories

Trending Stories

53 year old woman studied secretly, found success after 37 years of leaving school

'There is no age for reading and learning', this proverb fits perfectly on the 53-year-old Kalpana Achyut, who hails from Maharashtra . Kalpana has recently...

Jio Set-top Box users will get extra 30 GB storage space, know how to...

Jio and cloud storage provider DigiBoxx have joined hands to further improve the Jio Photos feature on the Jio Set Top Box. Jio set...

Business Idea to Start this business in rainy season for just Rs.5,000 Investment good...

Business Idea: Monsoon has knocked in the country. Some states have also come under the grip of floods. It has started raining in cities...

Instagram will find out the age of users with the help of selfie videos,...

Meta-owned photo sharing app Instagram will take the help of selfie videos to know the age of its users. The company claims that the new...

Kerala: Congress MP Rahul Gandhi’s office vandalized in Wayanad, party told – pre-planned attack

Rahul Gandhi Office Attacked: The local office of Congress MP Rahul Gandhi in Wayanad, Kerala was vandalized on Friday. Party general secretary KC Venugopal...

Recently Popular

Agnipath Scheme Airforce recruitment Apply from June 24, Army and Navy will bring notification by next week

Amid the ongoing nationwide protests against the Agnipath scheme, the Army, Air Force and Navy...

How to Posting Instagram Stories Photos, Videos to Feed? Follow these steps is very easy

Instagram Story is only visible on your account for 24 hours. If you want to...

Women’s IPL 2023 Ganguly informed that he plans to hold the competition next year

Mumbai: Women's IPL The Board of Control for Cricket in India (BCCI) plans to host the...

Apex Legends mobile game sets record as soon as it is launched, surpasses BGMI

Apex Legends mobile game has been recently launched by Respawn Games and Electronic Arts (EA). This...

Five acquitted, including Shah Rukh Khan’s son Aryan Khan, in Mumbai drug case

Mumbai: The Drug Law Enforcement in India has filed a chargesheet in a drug trafficking case...

Agnipath Protests LIVE Updates Fired buses, in Delhi, trains in UP, Bihar

Internet and SMS services suspended in Haryana till tomorrow Haryana Government has ordered suspension of mobile...

Recommended Stories

Trending Now