The following are the basic and important mention points through which you can ace your CIBIL score and learn how to check credit score. Keep your credit utilization low if you use credit cards – utilization is the proportion of your credit limit. I recommend maintaining your credit usage on all cards at around 40%. You should avoid applying for multiple credit accounts simultaneously if you can help; doing so can cause a brief and slight drop in your credit score. Multiple applications can cause a significant amount of damage. NerdWallet recommends leaving a gap of at least six months between applications. Keep your credit card accounts in good standing.

Consider keeping an account open until you have a compelling cause to close it. Closing an account can disrupt your credit use and reduce the average age of your accounts. Pay on time for all your accounts, not just your credit card bills but also your other bills and accounts, such as your utility bills.

As a prudent investor, everyone should check their cibil score at least twice a year. Maintaining an acceptable credit score is not exactly a difficult task. The only thing that is required is a systematic approach.

If you want to improve your CIBIL score, you should follow the given points. However, before you can increase your credit, you must first understand what factors contribute to your credit score and concentrate on developing positive habits. Here are some ways in which you can improve your credit score:-

• Essentially pay all of your bills on time.
• Clear your debts/Check bill score
• Credit card accounts should not be closed and have transactions.
• New credit should be limited.
• Maintain vigilance over your credit report.

According to Bajaj Finserv, a credit score of 750 or higher ensures that the application will be processed promptly and the applicant will receive credit.

Additional Read: Impacts Of Loan Payment On Your CIBIL Score