1 / 9

Top 5 Tips to Maintain High CIBIL or Credit Score - Bajaj Finserv

Wondering, How to maintain your Low CIBIL Score? Don't worry, I am here to help you out. I am sharing Visual Interface about Top 5 ways how you can maintain your High CIBIL Score. I hope it's help you out and helps you in Incresing your Credit or CIBIL Score.<br><br>To check Your CIBIL or Credit Score, click on:- https://www.bajajfinserv.in/check-free-cibil-score

admirablearushigoel
Download Presentation

Top 5 Tips to Maintain High CIBIL or Credit Score - Bajaj Finserv

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Top 5 Tips to Maintain High CIBIL Score

  2. Your creditworthiness is quantified by your CIBIL score. The three-digit number falls between 300 and 900. You can be eligible for greater credit card and loan offers if your credit score is 900 or higher. Most lenders, including banks and non-banking loan companies, want a CIBIL score of 750 or above.

  3. 5 Ways to Maintain up your CIBIL Score

  4. Serious Questions When you apply for a loan or credit card, a hard inquiry informs lenders that you have requested credit elsewhere, for any kind of loan. For about 24 months, hard inquiries leave a trace on your credit report. A thorough credit inquiry reduces your score by five to ten points.

  5. High Credit use In addition to late payments, utilising more than 30% of your credit limit might harm your credit score. If you ignore your income and carry on spending, your score could be reduced by a few points.

  6. Late or Non-Paid Payments Not paying your EMI or credit card account on time is the biggest threat to a good credit score. Your CIBIL score will suffer if you consistently make late, missed, or skipped payments. Pay the bare minimum to save your credit if you are unable to pay the full amount of the bill.

  7. Co-Applicant or Guarantor for a Loan A joint loan with your spouse or offering to be a guarantor for someone who makes timely EMI payments are also wise decisions. If you have a co-applicant or guarantor with a strong repayment history, your credit score will increase. Being in this circumstance is challenging, though, because you will be held accountable if the person defaults in both situations.

  8. Defaulting The worst mistake anyone can do is to go into default on a credit card or loan. Lenders may put you on their blacklist for the rest of your life if you miss any payments. Our mistakes should serve as a springboard for growth. Constant attention and avoiding the mistakes described are necessary for maintaining a good credit score.

  9. For More info:- Bajaj Finserv Corporate Office 4th Floor, Bajaj Finance Ltd, Pune - Ahmednagar Highway, behind Hyatt Hotel, Viman Nagar, Pune, Maharashtra 411014 Visit Now:- https://www.bajajfinserv.in/check-free-cibil-score

More Related