Best Proven Steps to Improve Your Credit Score by Dec 2019

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Best Proven Steps to Improve Your Credit Score by
Dec 2019
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• Your CIBIL score is based on your Credit report,
  which is basically a summary of your credit
  history which includes your previous borrowings
  and repayment track.
• A CIBIL score of 750 and is considered as a
  good CIBIL
• A CIBIL of less than 700 is considered as a low
  CIBIL

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• Get a Credit Report from TransUnion, Equifax or
  Experian
• The first step towards improving your credit
  score begins with checking your credit score.
• You cant work on anything until you get to know
  that it is wrong or it requires improvement.
• Same is true with CIBIL score. You cant work on
  it until you get to know that it needs to be
  improved. 

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• Check for Accuracy
• Once you get the report, your next step should be
  to check it in detail. Make sure that all the
  information mentioned is correct and accurate. 
• Even a single mistake in your CIBIL report and
  lead to a negative impact on your CIBIL score.
  Hence be careful and check for the details. 

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• The steps to improve CIBIL includes-
• Take a New Personal Loan or a New Credit Card
• If your Credit Score is not good or it hasnt
  changed much since the long, its because there
  has been nothing to be reported in your CIBIL.
• This can be done by taking a Credit Card or a
  small amount of personal loan.

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• Timely Payments 
• Make sure that you pay the EMIs of your personal
  loan on time, and if it is a credit card try to
  clear its bill timely.
• To make it more convenient it will be easier to
  do with a credit card as the expenditures through
  your card are totally dependent on you

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• Pay More than the Minimum due Amount
• In case, when you are not able to clear the
  entire bill of your credit card, try to pay more
  than the minimum amount due.
• Doing this will make you debt-free in very less
  time and along with this, it will add to your
  CIBIL report too.

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• Dont Apply for Credit again again if already
  Rejected
• Suppose your loan application gets rejected with
  2 lenders and you kept on applying for the loan
  with other lenders.
• In this case, so many inquiries made for your
  CIBIL can also hurt your CIBIL. 

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Remember, nothing impact your credit score
faster or more effective than paying bills on
time and using your credit cards judiciously.