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Maintaining A Healthy CIBIL Score
Maintaining A Healthy CIBIL Score
ABC BANK
@abcbankindia
The Building The Key Your Roadmap
Block of Your Influencers to Success
Financial
Health 1. Pay Bills on Time: Set
reminders to ensure punctual
Your credit score is a three-digit 1. Payment History: Timely payments.
number that reflects your payments are crucial. 2. Keep Credit Balances Low:
2. Credit Utilization: Don't max Aim to use less than 30% of your
creditworthiness. It's based on
out your credit cards. available credit.
your credit history and financial 3. Maintain a Mix of Credit:
3. Length of Credit History:
behavior. Lenders, landlords, Consider different types like credit
Longer is better.
and even employers use it to cards, loans, and mortgages.
4. Types of Credit: A diverse mix 4. Monitor Your Credit Report:
evaluate your financial is favourable. Check it regularly for errors and
responsibility. 5. New Credit: Don't open too identity theft.
many accounts at once. 5. Limit New Credit Inquiries:
Apply for credit only when
necessary.