Factors affecting your cibil score improve credit card loan
Factors affecting your cibil score 1. Credit history : It is most important factor. Lenders watch it and assumes it that you are a very old or not old customer, it makes more believe on you if you are older in taking credits and making time to time repayment. 2. Credit utilisation: credit utilization means utilisation of credit limit which you can get. If you use full credit limit, it impact negatively on your creditworthiness. If you use less credit then your creditworthiness will be increased as you are not credit hungry. 3. Credit type: if your credit is secured then your credit score will increase with high speed, if your loan is unsecured than your credit score will increase slowly. 4. Payment consistency: if you are making your payment on time, then there is no problem with your credit score, everything will be ...