How to increase CIBIL score quickly?
I had a low CIBIL score. I wanted to apply for a home loan. My bank manager gave me some tips on how to increase my CIBIL quickly. So, I think I will be able to give you some good suggestions for increasing the CIBIL score quickly.
To learn how to improve CIBIL score quickly you should maintain a good credit utilization ratio. That means you need to use less than 30% of the total limit.
Do not close old accounts. Old accounts show your constant association with banks. So, it adds to the bureaus.
Improve your payment history
Check your credit reports regularly to see if your CIBIL score is improving.
Avoid applying for multiple loans. It creates a bad impression and that's how your CIBIL score decreases.
You must pay your EMIs on time to enhance your CIBIL score.
If you have any remaining card balance you can pay it off by securing a personal loan.
I have tried to follow these pointers and my CIBIL score became 750 from 550 within 2 years.
I hope you now know how to increase CIBIL score quickly.
Read more:
What is CIBIL score?
How much home loan can I get on 30000 salary?
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How to increase my civil quickly
Prathap
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4 Year
2021-12-16T10:20:36+00:00 2021-12-16T10:20:37+00:00Comment
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