The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it.

Debbi Fields, Author

CIBIL Report

Every lender uses different parameters to issue a loan amount to borrower.

The Reserve Bank of India has mandated that all banks should check the CIBIL score of every loan or credit card applicant at the time of evaluation.

The CIBIL report is a detailed document that highlights your entire credit history and record.

CIBIL report includes details of your personal information, contact information, employment history, credit limit on various credit cards, credit balances, and dates on when you opened various accounts.

This CIBIL reports are viewed by various parties or organizations.

If you need to increase your credit score, it won’t happen overnight.

Credit scores take into account your past behavior regarding your credit report, and not just your present actions.

But there are some steps you can take now to start on the path to better credit.

10 Steps to improve your credit Score

  • Check Your Credit Report

  • Eliminate Your Credit Card Balance

  • Dispute Inaccuracies

  • Keep Old Debt on Your Report

  • Pay EMI on Time

  • Don’t Hint at Risk

  • Demonstrate the Reliability of Bill Payment

  • Keep an Eye on Your Credit Utilization Ratio

  • Increase your Credit Limit

  • Watch out for Joint Applicants

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