Pay the due EMIs of your credit cards and other loans to ensure your CIBIL score improves gradually.
# 2
Less Usage of Credit Cards
Reduce your unnecessary credit card purchases to maintain your credit utilisation ratio. A low credit utilisation helps improve the score.
# 3
Borrow Both Secured and Unsecured Loans
Keep your profile diverse by borrowing both unsecured and secured loans. By doing so you can maintain a healthy credit record.
# 4
Applying for One Loan at a Time
Avoid applying for multiple loans simultaneously to avoid hard CIBIL inquiries. When you apply for a loan, a hard inquiry is made that reduces your score.
# 5
Keep Your Credit Cards Active
Don’t close your credit card accounts to maintain a longer credit record. When you close your credit card, it impacts your CIBIL score negatively. Keep them active to maintain a score.