How to Improve your CIBIL Score Quickly

A good CIBIL Score is a basic need to qualify for any loan. 

What's a CIBIL Score?

CIBIL score is a three-digit number that varies between 300 and 900 based on various factors. This score helps the lenders know about how you repay your loans. 

Those with a good credit score have nothing to worry about and stay assured of any loans. However, numerous people have a bad credit score or a score below 680. If you are one among such customers, don't worry! We are sharing 7 hacks that will help you improve your CIBIL score by more than a 100 points.

Hack 1: Take a Secured Credit Card:

Getting a secured credit card means you are getting a credit card against your Fixed Deposit. This is a great way to improve your CIBIL score in a short period. If you continue repaying the credit card bill properly, you will experience a good hike in your CIBIL score within a year.

Hack 2: Take a Home Loan:

A home loan is considered good credit as it builds an asset for you while you repay the loan every month. 

Hack 3: Keep Using Your Credit Cards regularly:

Most people today own at least one credit card. Use yours regularly. This will help to improve your score.

Hack 4: Keep Your Expenses Within 30% of Credit Limit:

Everyone has a credit limit, i.e., the maximum amount a bank can give you. However, it is prudent never to use more than 30% of your credit limit. 

Hack 5: Don't apply for too many loans:  

Applying for too many loans is seen to be credit hungry. Avoid!

Hack 6: Speak to a certified credit counsellor:

Sometimes, you need professional help. That's when a person trained in the art of mending your ruined credit can be of assistance.

Hack 7: Track you credit regularly:

This is important to spot any unauthorized use of your credit report and prevent Identity Theft.

For More Information visit 
Saral Credit 
Website : www.saralcredit.com