Credit score plays a very essential role in your financial life. It is also called the CIBIL score. You need to fix your Credit Score to avail loans at reasonable rates. CIBIL is a company that keeps the records of debits and credits of all the applicants. It is Credit Information Bureau India Limited. The credit score varies from 300 to 900. If you are good with your dues it will be high. A low credit score may create obstacles for you. So, first of all, you are suggested to be good with your dues and pay them on time. In case your credit score has gotten unbalanced because of some reasons you can fix your credit score, however, it is not that simple. It is very easy to disfigure your credit history but it will take a lot of time to regain it. But except setting you don’t have any other choice because with a bad credit score you won’t be able to get any loan in the future, because a lender will ask about your credit score first of all while offering you a personal loan. There are some ways for How can you affix your Credit Score.
There are some methods to Fix Your Credit Score
Pay your Bills On Time
The first thing to keep your credit score up is to pay your dues on time whether your credit card bills or your loans. Cause this is the basic thing that can gain your credit score and spoil your credit score as well. So be attentive to your bills.
Don’t Miss Your Payments
Be regular with your bills either credit cards or EMI’s of the loan. Because it affects your credit score a lot. The later you pay your EMI’s the more your credit score reduce. But don’t worry if you missed one or two payments somehow, then there is no require to worry about being good with your recent debts deal properly with them your credit score will keep on inclining if you would be good afterward and if you have paid your lasts debts with a late fee. this will ultimately fix your credit score. It presents that you are managing your debts properly now.
Don’t Examine Your Credit Score Again and Again
Inquiring your CIBIL score or credit score is also not good. Every time you examine your credit score it gets decreased by 2 points. And try to set your credit score.
Have Low Debts
Always try to keep your dues of credit cards and other revolving cards low. This will assist you to fix your credit score.
Don’t ever shut your unused credit card. If you are having a credit card then pay its bills timely.
Since credit score matters a lot in a personal loan or any other loan so always be careful with your CIBIL score, and try to keep it high credit score before applying for a personal loan.