How can I increase my CIBIL score from 500 to 750?

What is the CIBIL Score? Your CIBIL score is a three-digit number that reflects your creditworthiness. It ranges from 300 to 900, with higher scores indicating better credit health.

5 Best Ways to Boost Your CIBIL Score from 500 to 750 Immediately

1. Timely Payments Matter Consistently paying your bills on time shows responsibility, gradually boosting your CIBIL score. Set reminders or automate payments to avoid slips.

2. Lower Credit Card Balances Keep your credit card balances below 30% of your credit limit. Reducing credit utilization demonstrates financial prudence.

3. Diversify Your Credit Portfolio A mix of credit types—credit cards, loans, and retail accounts—can positively affect your score. But don't rush to open new accounts; do it gradually.

4. Keep Your Credit Accounts Active Keep old credit accounts open to maintain a positive credit history; closing them can lower your credit score by shortening your history.

5. Apply Wisely Frequent credit applications can signal financial instability. Apply only when necessary to prevent inquiries that may lower your score.

Check Your CIBIL Score Be patient and persistent in implementing these strategies, and you'll be on your way to a stronger financial foundation. Take control of your financial future. Check your CIBIL score now to get started on the path to a healthier credit profile. Check Now