CIBIL score is a three-digit numeric rating indicating an individual's creditworthiness based on their credit history, including credit cards, loans, and other credit facilities.
CIBIL Score Range
CIBIL score ranges from 300-900. A score of 750 or above is considered excellent, while a score below 600 is poor and may impact creditworthiness.
6 Easy Steps to Increase CIBIL Score From 600 to 750
Clear Credit Card Bills
Pay your credit card bills on time and avoid missing any payments to improve your credit score and demonstrate responsible credit behaviour.
Step #1
Credit Utilisation
Keep your credit card balances low and avoid maxing out your credit cards to maintain a good credit utilisation ratio.
Step #2
Build Credit History
Open a credit account and make timely payments to establish a credit history and demonstrate your creditworthiness.
Step #3
Consolidate Debts
Consolidate high-interest debts with a personal loan to lower interest rates and simplify payments to improve your credit score over time.
Step #4
1Check CIBIL Report For Mistakes
Regularly check your CIBIL report for errors or inaccuracies and have them corrected
Step #5
Avoid Taking Multiple Loans
Avoid Taking Multiple Loans: Limit the number of loans or credit accounts you apply for to avoid multiple hard inquiries on your credit report.