How to Improve Your Credit Score

Credit scores play a crucial role in your credit profile and overall financial health. To help you manage and improve your credit score, we’ve outlined 6 simple practices below. If you have a high credit score, these steps will help you maintain it and increase it further. If you have a low credit score, these steps will help you increase your score. Let’s get to it!


  1. Don’t be late. Timeliness of credit repayment is of utmost importance. Set recurring reminders for EMI payments or credit card due dates to avoid default payments that can negatively impact your score.

  2. Keep your balance low-key. When it comes to credit balance, it’s best to keep your credit utilization relatively low. Utilizing less credit than your total limit by setting higher credit limits and paying off balances regularly demonstrates fiscally responsible behavior.

  3. Diversity is important, even in credit. As too many unsecured loans can be viewed poorly by lenders, it’s best to diversify your credit mix to include a healthy balance of secured and unsecured credit lines.

  4. Ask for more in moderation. When applying for new credit, apply with moderation. Be cautious and avoid credit applications on a regular basis.

  5. Communication is key in any relationship, especially a financial one. Any co-signed, guaranteed or joint accounts should be closely monitored. Communicate regularly to prevent negligence in repayment as you are equally liable for any missed payments in the account. This can influence your credit history and jeopardize your credit score even though you may not be the one at fault.

  6. Keep a check on your credit score so you don’t have to put it in check. Set regular reminders to make sure you are reviewing your credit history, CIBIL score and report often.


Consistency is key - implementing these six practices will help you manage and improve your credit score!