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January 10, 20265 min read
How to Repair and Maintain Your Credit Score (CIBIL)
By Surya Prakash
Financial Analyst & Editor
Why Credit Scores Matter
Your credit score (CIBIL) is the first filter banks check. A score of 750+ qualifies you for the best interest rates, while a poor score can lead to loan rejections.
Steps to Repair Your Score
Ensure 100% timely EMI and credit card payments. Maintain your Credit Utilization Ratio below 30% of your limit, and resolve any discrepancies on your credit report.
Healthy Credit Habits
Avoid applying for multiple loans simultaneously, as this triggers hard inquiries that lower your score. Regularly monitor your credit report to spot errors.
#credit score#cibil#loan interest#credit utilization#financial health