Timely Payments: Pay bills and EMIs on time to establish a positive payment history, a crucial factor in your CIBIL score.
Manage Credit Utilization: Keep credit card balances low, ideally below 30% of your credit limit, to show responsible credit usage.
Monitor Your Credit Report: Regularly check your credit report for errors and discrepancies, and rectify them promptly.
Avoid Multiple Loan Applications: Frequent loan inquiries can lower your score, so only apply for credit when necessary.
Maintain a Mix of Credit: Having a mix of credit types, like credit cards and loans, can positively impact your score.
Keep Old Accounts Open: Closing old credit accounts can shorten your credit history, so it's often better to keep them active.
Limit New Credit: Be cautious about opening multiple new credit accounts in a short period, as it can signal financial instability.