Top 5 Tips to Maintain High CIBIL Score

Credit scores represent your creditworthiness or how good you are at maintaining credits. A good credit score will leave a better impression on your lender and increase your chances of getting loan approval. Besides this, the credit score also determines your loan limits and interest rate. You can complete your cibil score check or credit score check by visiting third-party websites like Bajaj Finserv, which provides these services for free.

Wondering How to check your cibil score and what score is good. Don’t worry we got you all coverred. Closer the value to 900, the better your credit score. Any score ranging from 750-900 is an excellent CIBIL score. Good credit scores will be beneficial when you apply for a loan or new credit. If you want to know what makes a good credit score, you landed at the right place.

Tips For Maintaining A Good Credit Score

Due settlement: The MOST important thing you must always do to settle your dues in time. Set reminders if necessary and stick to organized payments. Failing this will have a very negative impact on your credit score.
Avoid multiple credit applications: Try only to take the amount in mentioned limits as it will lower your credit score. Also, don’t apply for new credit unless you have secured plans to repay them.
Regular updates: Check your credit reports periodically because your report might have a few mistakes. You can submit a resolution form online in case of any problems.
Positive credit history: Maintain a good credit history by mixing different types of loans in the right combination.
Become an authorized user: You can ask a known individual with a good credit history and timed due payments to make you an authorized user.

From all the methods listed above, repaying the dues in the assigned time is the most important factor if you want to maintain a good cibil score check. Because the maximum percent of credit score is calculated using payment history. It might sometimes get frustrating, but your credit score will build up with consistent efforts and practice.