Pay on time
Missed or delayed payments can affect how lenders view repayment history. Set reminders or use a payment method you can reliably maintain, while keeping enough funds available.
Keep revolving balances manageable
Using a large share of available credit can be a concern in some credit assessments. If affordable, reducing balances may help your overall position; avoid taking on new debt solely to change a score.
Get your free credit report every year
RBI directions require credit information companies to give every individual one free full credit report, including the credit score, once in each calendar year, on request after identity verification. TransUnion CIBIL is one such company; checking your report with each bureau you are reported to helps you spot errors early.
Review your report for errors
Check account status, balances, payment history and personal details. Dispute inaccurate information through the appropriate official bureau or lender channel and keep records.
Avoid unnecessary applications
Before applying, compare criteria and only proceed when the product appears relevant. The impact of enquiries depends on the credit assessment and the report data.
Be patient and cautious of promises
There is no universal timeline or guaranteed number of points a score will increase. Accurate information may take time to be updated. Avoid anyone promising to erase accurate history or guarantee a score.