Friends, today the needs of man have increased a lot and the income has become very less, people take bank loans to fulfill their needs, but loans are not available just like that, for this your CIBIL score should be correct, a low credit score indicates poor repayment history, due to which lenders hesitate to approve your application. Let's know about the ways to correct it-

Pay EMI and credit card bills on time

Timely payment is most important to maintain a good credit score. Always pay your loan EMI and credit card bills before the due date to build a strong repayment record.

Use 'Buy now, pay later' or postpaid mobile plan

If you do not have any loan right now, you can use the 'pay later' option or postpaid mobile services.

Avoid using the entire credit card limit

Do not use your entire credit limit. Try to keep your credit utilization between 30% and 40% of your total card limit.

Don’t just pay the minimum due amount, pay in full

Paying only the minimum due amount on your credit card is not enough. Always try to pay the full amount to avoid interest charges and maintain a healthy credit profile.

Avoid multiple loan applications

Applying for multiple loans or credit cards in a short period of time can lower your score. Each application requires a hard inquiry.