De Coding Cibil Score

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  • Credit Score out of 900
  • Ideal Score :
    • Above 800 : Excellent
    • 750-800     :  Good
    • 700-750     :  Average
    • Below 700 :  Poor
  • High Score Not only guarantees Bank Loan but also attracts lower ROI
  • Credit Agencies : Transunion , Experian , Equifax , Highmark
  • Factors that affect Score :
    • Repayment History
    • Credit Exposure
    • Credit Mix
    • Credit Utilization
    • No. of Credit Enquiries
  • Tips to Increase Score : 
    • Montior Cibil Score regularly ( once a month )
    • Timely repayment of Loan & Credit Cards
    • Pay Credit Card Dues fully , do not settle or opt for EMI facility
    • Have multiple Credit Cards but do not use any one limit more than 30%
    • DO Not Settle or write off Loan in lieu of OTS
    • Have good mix of Secured & Un Secured Loan
    • Report Grievances to Credit Authorities immediately     

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