Top 8 Tips to improve your credit score in India

improve credit score


  1. Set reminders for timely payments: Late payments can negatively impact your credit score. Set reminders for your payment due dates to avoid missing them.


  2. Check your credit report and look for errors: Check your credit report regularly to ensure that it is accurate. If you find any errors, report them to the credit bureau immediately .


  3. Maintain a healthy credit mix: A healthy credit mix includes a combination of secured and unsecured loans. This shows that you can manage different types of credit responsibly.


  4. Grab a secured card: A secured credit card is a great way to build credit if you don’t have a credit history. It requires a security deposit, which serves as collateral for the credit limit .


  5. Use credit card sparingly and clear all dues: Using your credit card responsibly and paying off your dues on time can help improve your credit score .


  6. Say no to co-signing a loan: Co-signing a loan can negatively impact your credit score if the borrower defaults on the loan .


  7. Do not apply for multiple loans simultaneously: Applying for multiple loans at the same time can make you appear credit-hungry and negatively impact your credit score.
  8. Select a longer loan tenure: Opting for a longer loan tenure can reduce your EMI and make it easier for you to pay off your loans on time 1.

I hope these tips help you improve your credit score. Good luck! 🤞

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