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Is your Credit Score >750?
Having good credit health ensures lenders of your creditworthiness and increases your chance of getting potential loans easily approved. So, it is necessary that you maintain financial discipline to maintain a good credit score.
How can I fix my credit by myself?
There are ways to maintain financial prudence and fix your credit score by following certain suggestions as below:
Regularly review the credit report
Always keep track of your credit report as it contains crucial credit information apart from the credit score. Check whether the personal and related particulars are accurate and also check for any errors in your credit information.
Raise a dispute for errors
For any errors in your credit report, raise a dispute with the lender or credit bureau at the earliest. This can be done online or offline. It is always prudent to get such errors rectified at the earliest as they can otherwise adversely impact our credit score.
Make regular bill payments
Ensure that all types of debts including credit card payment dues, loan EMIs are made on time on a regular basis. Prompt payment of debt is integral to have a good credit score and ensure the lender of your creditworthiness when it comes to loan repayments.
Limit credit utilisation
One should also limit their credit utilization ratio and keep it below 30% of the overall sanctioned credit card limit. Utilization above 30% is considered as a high utilization factor negatively impacting credit score. Not making use of your credit card also leads to a low credit score so one should ensure there is proper credit utilisation.
Avoid Multiple Debts
Having multiple debts including credit card entails high-risk behaviour on the part of the borrower. Lenders may consider such borrowers risky and if you default on your loan payments, then this will adversely impact your credit score. So, avoid having too many debts or credit cards simultaneously to maintain a good credit score and repay loan EMI or credit card outstanding on time.
A CIBIL™ score is a three digit number between 300 and 900 that gives potential lenders a quick idea of your loan
Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
A bad credit score is generally one that is less than 650. A credit score is a three digit number in the range of 300-900
Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
Is 800 a good credit score? Yes. In fact, a credit score of 800 is very good! Only a small percentage of people reach,
Is it possible to obtain a free credit check or credit report? The answer is yes and no!
Your CIBIL™ Score plays an important role in getting loans and credit cards sanctioned, because it gives lenders
It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
There is really no number that can be established as the average credit score in India. Many people see regular
You can repair your credit absolutely free if you do it yourself! However, many people choose to get professional help
First, it is important to note that there is no ‘Defaulters List’ that is maintained or circulated by CIBIL™ or any of the other
Sourav and Ankit are watching the New York Marathon on TV and decide that they want to run a marathon.
In India, the best credit score to have is one that is 750 or above. The three credit rating agencies that operate in India
Is a credit score of 700 good? While it is not a very bad score, it is not good enough to automatically qualify
It is difficult to get a loan with a credit score of 650. Most banks look for a minimum score of 750 when deciding
It is not likely that you will get a loan with a credit score of 600. Most banks look for a minimum score of 750
It is difficult to get a loan with a credit score of 550. Most banks look for a minimum score of 750 when deciding
A poor CIBIL™ score can increase your financial problems and make it difficult to access credit, whether as a loan or credit.
One common worry that runs through your mind after you have made a credit card settlement is,
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