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In this credit-driven economy, keeping your credit score high is always a challenge. One default, late payment of EMI, or multiple inquiries within a short period negatively impacts the credit score and affects your creditworthiness. However, despite all the efforts in keeping your credit score high, sometimes it takes a beating due to situations that you cannot control.
Therefore, in such a situation, by making informed decisions and tweaking your spending habits a bit, you can make a lot of difference and improve your credit score rapidly.
So, as enumerated above, if the steps mentioned are followed diligently, there is no reason as to why an individual can’t increase his CIBIL score from 500 to 750.
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