Improving your credit score quickly and effectively involves a few key
steps. First, make sure you pay all your bills on time, every time. Late
payments can have a significant negative impact on your score. If you have any
outstanding debts, try to pay them down as much as possible, starting with
high-interest debts first.
Keep your credit card balances low. Aim to use less than 30% of your available credit to show lenders you’re managing your credit responsibly. If you don’t have a credit card, consider getting one and using it for small purchases that you can pay off each month. This helps build a positive payment history.
Finally, if you have a good relationship with your bank, consider asking for a credit limit increase. A higher limit can lower your credit utilisation ratio, boosting your score. These steps, done consistently, can lead to a healthier credit score.
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Read more:
10 ways to improve CIBIL score.
