Are you looking to increase your CIBIL score? We discuss all methods to boost credit scores, from paying off credit card balances to disputing inaccuracies
Wondering how to increase your CIBIL score? The interchangeably used terms credit score and CIBIL score are slightly different—while the CIBIL score is awarded by the Credit Information Bureau India Limited (CIBIL), a credit score can be provided by any of the credit bureaus in India. However, regardless of whether your credit score is good or CIBIL score, it can be dubbed your financial passport, which opens doors to many opportunities. A good credit score is key, from getting approved for a mortgage to snagging a sweet apartment rental.
Staying on top of your bills, managing your debt wisely, and making payments on time are some ways to keep a good credit score. In doing so, you're setting yourself up for financial success down the road. In this blog, we have compiled different ways to increase CIBIL score.
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What is CIBIL? CIBIL, or the Credit Information Bureau Limited, is India's leading credit information company. It maintains credit records of individuals and businesses and generates credit scores used by lenders to assess creditworthiness. A higher CIBIL score indicates better creditworthiness, facilitating access to credit on favourable terms.
Without further ado, let’s learn how to increase your CIBIL score: