By Admin 
Credit Score Improvement Tips: Whether you want to take a loan from the bank or buy something on EMI, your CIBIL score is seen everywhere. It tells a lot about your financial habits. It works like a mirror of your financial transactions.
A good CIBIL score helps you in getting a loan or a new credit card at low interest. Therefore, it is important that your CIBIL score remains good. Let us know about some such methods which can easily increase your CIBIL score…
1. Timely payment of bills
Paying your EMI and credit card bills on time is good for your CIBIL score. If you do not do this, your CIBIL score may fall. You can set a reminder to pay your bill or can also use the auto pay option.
If you forget your EMI date, the auto pay option automatically deducts the money from your bank. Due to which your EMI is not missed.
2. Avoid applying for loan again and again
Your CIBIL score may fall due to your repeated loan applications. One should apply for loan only when needed. Applying multiple times for a credit card can also lower your CIBIL score. Therefore, keeping these things in mind, one should apply for loan or credit card only when necessary.
3. Use less than credit card limit
Every credit card has a spending limit. One should always try to use 30 percent of the credit card limit. This improves your CIBIL score. Using the limit up to 30 percent shows being responsible with your money. Due to which the bank or finance company easily passes your loan application.
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