When it comes to loans and credit cards, your credit score plays an important role, based on which you get a loan. However, this is not the only criterion which is looked at while sanctioning you a loan by the lender. A credit score is a triple-digit number that shows your creditworthiness and tells the lender how disciplined you were in paying your monthly EMIs of the loans which you have taken earlier. The score ranges from 300 to 900. The better you score, the more are the chances of getting your loan approved. Maybe you don’t have a decent credit score presently, but you should try to raise it so that you don’t face any problem while applying for loans in the future. Below-mentioned are some of the tips which you can use to raise your credit score instantly
1) Make sure you pay your due bills on time
2) Don’t overbuilt your credit limit
3) Keep your credit utilisation ratio as low as possible
4) Don’t settle your loans on credit card
5) check your credit report very frequently
Get the full info: The Most Effective Tips To Improve CIBIL Score
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