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CIBIL score tells about you, Check now.

Cibil or Credit score is a three-digit number which shows your creditworthiness or your current financial status. It ranges in between 300 to 900. The greater your credit score, more are the chances to get your loan approved. My credit score shows how disciplined you are in paying your EMI back to the lender each month. Remember, if you do not pay your loan EMIs on time, it may hamper your credit score and then you would find difficult to get loans or credit cards in the future. A good credit score is important especially for personal loans or when you apply for a credit card. It is because personal loans are unsecured in nature that means they are not attached to any security so the risk in the case of personal loan is higher. While if you do not have a good score, your lender or credit card issuer might reject your credit card application because they doubt on your repayment capacity. So, if you have a poor or bad credit score, then you should follow these pointers to raise your score

1) Keep your credit utilisation ratio as low as possible

2) Don’t apply for too many loans frequently

3) Don’t settle your loan on card

4) Don’t overuse your credit limit



Above mentioned-points would help you to improve your credit score and you would be able to apply for loans and credit cards without any hassle.

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