Keep Cibil Score Healthy
Way back in the late 1960’s, Neil Alden Amstrong immortalized a phrase that effectively messaged – “One small step for man is the one large step for mankind”, as he became the first person in the world to walk on the moon surface.
That time to go on the moon was a surprising thing, but now it is not surprising. Many astronauts are reached out there.
The Same thing is with a healthy Cibil score. You just need to start work on Cibil score to get a healthy score.
In this blog, I as an expert Cibil consultant give you some tips so that you can keep your Cibil score healthy.
1 Be Aware.
The initial step is to be aware of what are not right! Little awareness of your credit behavior can drive your Cibil score healthy. The most of you don’t know that you are spending unnecessarily. And when you have to spend on something essential then you get feel that your budget is reached at its highest limit. That is the reason; you should plan your monthly budget or cash flows so that you can pay all the repayments on time. If you don’t plan then, you might be stretched at the end of the month to pay off all bills.
2. Credit to establish credit.
Pay your loans repayments on time. And if you have paid all the loans then you need to check the status of that loan in your Cibil report. You should be aware of the fact that financial institutes are happy to give the loan to those who have no repayment penalties and have healthy Cibil score.
3. Timely checkups.
Just like your regular medical checkups for ensuring “all is well”, your Cibil score needs regular checkups to make sure that everything is about you. Also, you need to check all the updated information from a mobile number to loan payback. If you find anything is not updated, then you should contact to a leading Cibil Consultant.
4. Seek expert Credit Counseling.
The demand for credit counseling is increased by increasing demand for a healthy credit report. The top Credit counselor can help you to manage your credit & advise you on ways to improve the Cibil score. Nowadays, we are getting busier day by day and have no time to manage Cibil health. Hence, a Cibil consultant is again like a doctor when it comes to your Cibil health!
5. Credit Cards and utilization:
If you have more than one credit card, then you need to manage card’s utilization. The best way of managing all the cards perfectly is by distributing them on the basis of amount. In such way, your Cibil score will not be hurt from maximum utilization. And also, you will not make maximum payment from one card.
6. Take a loan when it is necessary.
Only borrow money from financial institutes when it becomes a necessity. Evaluate the requirement in an objective manner and do not do make unnecessary shopping. For keeping Cibil score report healthy, try to pay back all the money on time.