Your credit score is a 3-digit number (300–900 in India) that summarises your creditworthiness based on your borrowing and repayment history. It affects whether you get loans and credit cards, the interest rate you’re offered and even how much credit limit you receive. A score above 750 is generally considered excellent. The Silent Gatekeeper of Your Financial Life Imagine walking into a bank, confident enough that you’ll be approved …
Category Archives: Credit Score
How to Increase CIBIL Score from 600 to 750: Practical Steps That Work
If your 600 Credit Score is preventing you from getting better loan offers, many borrowers often wonder how to increase CIBIL score from 600 to 750 and qualify for better credit opportunities. The good news is that improving it to a range closer to 750 is definitely within your reach. The key to improving your credit score …
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“NA” or “NH” in CIBIL Report: Meaning, Impact & How to Fix It
NA’ or ‘NH’ in a CIBIL report means that you do not have enough credit history for a credit score to be generated. In simple terms, it indicates that the credit bureau has no or insufficient data about your borrowing behaviour. If you’ve ever checked your credit report and noticed in CIBIL report or NH …
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How to Update Personal Information on Credit Report?
To update personal information on your credit report, you can either request your lender to submit updated details (for simple changes like address or contact info) or raise a dispute with the credit bureau (like CIBIL) for incorrect data. Submit valid documents such as PAN, Aadhaar or passport for verification. Your credit report isn’t just about loans and repayments—it also includes your personal …
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How Paying Rent or Utility Bills Boost Your Credit Score?
Yes, paying rent and utility bills can boost your credit score—but only if those payments are reported to credit bureaus. When consistently paid on time and tracked through reporting platforms or credit cards, they strengthen your payment history, which is a key factor in improving your credit score. If you’ve ever wondered does paying bills build credit, the short …
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Loan Closed but Still Active in CIBIL? Here’s Exactly How to Fix It Fast
If your loan closed but still active in CIBIL, it usually means your lender hasn’t updated your repayment status with the credit bureau. This can impact your credit score and delay future approvals but the fix is straightforward: verify your report, raise a dispute and get the status corrected. What to Do If the Loan is Closed but Not Updated in CIBIL? If you notice a closed …
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How to Remove Late Payments from Your Credit Report (Step-by-Step Guide)?
To remove payments from your credit report you should first look at the entries and see if it is updated correctly or wrong. If it is wrong, you need to report it to the credit bureau or the lender about it and give them proof. Post intimating them, you can ask the bureau to correct it or remove it as a goodwill gesture. If the late payment is real, it will stay on your credit report for …
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Does Increasing Your Credit Limit Affect Your Credit Score?
Yes, increasing your credit limit can affect your credit score. In most cases, it can actually improve your credit score but there is a catch. The impact depends on how you use your credit card after the credit limit increases. In terms a higher credit limit can lower your credit utilisation ratio, which is one of the most important factors in your CIBIL score. If you use your …
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Does Applying for Multiple Loans Hurt Your CIBIL Score?
Yes, applying for multiple loans can hurt your CIBIL score but not always in the way most people think. Many borrowers assume that more applications simply mean better chances of approval. In reality, frequent loan applications can signal risk to lenders and impact your creditworthiness. If you’ve ever wondered how do multiple inquiries affect credit score, this guide breaks it down in a simple, …
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What to Do If Someone Checks Your Credit Without Permission?
If you see something on your credit report that you do not know about, it can be really scary. Someone checking your credit without your permission can be a mistake or it can be something very bad like someone trying to steal your identity. You should not ignore this activity because it can cause you a lot of trouble. In India, banks and other lenders …
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