Pay Your Bills on Time: Late payments have a significant impact on your CIBIL score. It's important to pay all of your bills on time, including credit card bills, loan repayments, and utility bills.
Reduce Your Credit Utilization Ratio: Your credit utilization ratio is the amount of credit you're using compared to your total credit limit. A high ratio can negatively impact your CIBIL score. Try to keep your credit utilization ratio below 30% and avoid maxing out your credit cards.
Check Your Credit Report Regularly: Errors on your credit report can hurt your CIBIL score, so it's important to check your report regularly and dispute any errors you find. You can get one free credit report per year from each of the four credit bureaus in India, including CIBIL.
Don't Apply for Too Many Loans or Credit Cards: Applying for too many loans or credit cards in a short period of time can make you appear desperate for credit, which can lower your CIBIL score.
Maintain a healthy credit mix: Having a mix of different types of credit, such as a credit card, personal loan, and car loan, can help improve your CIBIL score.