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Your CIBIL score reflects your financial standing and credit behavior, which lenders consider when assessing your creditworthiness.
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A high CIBIL score offers advantages like quick loan approvals and lower interest rates
.
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Aim for a CIBIL score of 750 and above for easy and cost-effective credit.
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If your score is below 750, particularly below 650, it's crucial to take steps to improve it.
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There are various tips you can follow to boost your CIBIL score by 100 points or more within a short timeframe.
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Tips that you can follow –
Apply For Credit Sparingly
Become An Authorised User
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Lower Your Credit Utilisation Ratio
Repay On Time And With Discipline
Borrow Only If Needed
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Dispute Errors In The Credit Report
Have A Good Credit Mix
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Read more about this story on our official web page - https://indianentrepreneursmagazine.in
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