I recently checked my credit score, and it is 710. I want to improve my credit score from 710 to 750 or higher. What are some effective ways to achieve this? Has anyone successfully improved their credit score?
Ways to increase you CIBIL score-
• Pay your bills/EMI on time
• Lower your credit utilization ratio
• Double check your credit reports
• Avoid having many credit cards/ loans
• Pay your credit card bills timely
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One of my friend used to pay his credit card bill after the due date, which negatively impacted his credit score. However, once he started paying on time consistently, his score improved by 40 points within one year. So pay you credit card bill timely and avoid overspending.
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Here are some quick tips for you
Pay your bills on time – Even one missed payment can hurt your score. Set reminders or auto-pay to stay consistent.
Reduce your credit utilization – Try to keep your credit usage below 30% of your total limit, ideally under 10% if possible.
Avoid applying for too many new credit lines – Each inquiry can cause a small dip in your score.
Keep old accounts open – Your credit history length matters, so don’t close your oldest cards.
Check your credit report – Look for errors or inaccurate information. You can dispute them and get them corrected.
Add more positive credit data – If possible, consider adding utility/phone bill payments using services like Experian Boost.
Simply ensure that you pay your credit card bills on time and use your card responsibly. Over time, this will positively contribute to improving your credit score.