CIBIL score or Credit score measures the creditworthiness of a person. It is measured by the Credit Information Bureau India Limited.
Your score will depend on the– 1. Type of credit and duration 2. Payment History 3. Credit Utilisation Ratio 4. Credit Inquiries
1. Pay credit card bills early 2. Keep credit card balance between 20–30% of the real limit. 3. Monitor your credit score periodically. 4. Avoid Excessive leverage
1. Don’t be irregular with your bills. 2. Never default on bills 3. Be careful about loan denials.
– 750–900 - very good. – 650–749- good. – 550–649- fair – 350–549- below average – Na/NH- no credit history/ not relevant