Improving a bad/low/poor credit score is a time consuming process but it is not impossible. The essential thing is one needs to plan their finances or to be specific their payments in advance to improve the cibil score, one payment at a time.

Here’s how you can improve your score -

  • Payment calendar: if you find it difficult to remember the due dates of your debt like loan etc. you can create a payment calendar. The timely payment reminders will not help you stay ons schedule but also help you stay disciplined with it. Besides, you can choose to pay in advance, in full, to clear off the dues properly.
  • Repeat payments: not just paying off the monthly dues you can set up bi-weekly payments to clear your dues, faster. This will help to improve your score positively, in the long run.
  • Debt consolidation: you can even consider getting a debt consolidation loan from any of the leading lenders such as NBFCs. This is because they offer finance on easy-to-meet terms. Besides, based on the profile eligible applicants can avail high value loan which will turn the various debts into a single monthly rollout. Thus, reducing your mental stress in the process.
  • Credit utilisation: if you are using a credit card then make sure to keep the credit utilisation ratio minimum to 30%. You should know about how your credit utilisation ratio can affect your CIBIL score. This will indicate to the credit bureau that you are capable of managing your finances well. Besides, they can consider offering you an enhanced credit limit from time to time, too.