CIBIL Credit Score – How to Improve Your Credit Score?
Credit history is vital and one of the main factors besides your monthly income that is considered by a Loan Manager in order to decide whether you qualify for any loan or credit card. Generally, each individual should understand the importance of the Credit Information Report (CREDIT SCORE) and how to maintain one as this is a report that would be accessed by the lenders to evaluate your loan application. CIBIL helps you get your Credit Score online instantly without much trouble. Approved by most of the banks and lending firms in India, you are liable to get financed whether for a new home, car or any other personal needs if you have a good CIBIL score. Hence, to get your loan approved, it is highly essential to maintain a good credit score. To maintain a good CIBIL Credit Score, you must follow these 7 simple rules: Pay your loan EMIs regularly: The most important and the best way to improve your credit score is to pay your loan EMIs on time without any defaults. Regular payment of your EMIs suggests that you are financially stable. In case, you are having more than one loan, then it is important to […]