CIBIL Score: Your bad CIBIL score will be fixed in these many days, you just have to do these 3 things..

CIBIL Score: It is very important to have a good credit score to get a loan or a credit card. Any bank checks your CIBIL score before giving loan approval.

Banks reject your approval due to a bad credit score. However, you can improve your credit score (How to improve credit score) in a short time by taking just a few steps. With a good credit score, you will not have any problem getting a loan or a credit card.

First of all, correct the mistakes in the report.

First of all, you should know that you should keep checking your credit report from time to time and ensure that there is no incorrect information in your report.

We explain it to you through an example. Like some payments are shown as 'pending' in the report, but they have been paid. This hurts your CIBIL (credit score).

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If you get it corrected, then it improves your credit score. If you do this, your credit score will improve in just 12 months.

Use a credit card within the limit.

If you use a credit card, it is advisable to keep the credit usage below 30 percent. For example, if your credit card limit is Rs 2 lakh, then keep the credit card usage to only Rs 60,000. By doing this, your CIBIL score will improve quickly.

Apart from this, another tip for quick improvement is that you should use various credit options like a credit card, a personal loan and a car loan. If you do not need a card or a home loan, then do not choose this option at all. This will improve your CIBIL score quickly.

Pay all bills on time.

The most important thing to note is that you should pay the loan EMI or credit card bills on time. If you do not pay on time even once, it causes a huge drop in your credit score. Also, do not close your existing and old credit cards (Ways to improve credit score), because the tenure of the credit card proves to be excellent for maintaining a good credit score.

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