Written By: Mobin
A good credit score (750+) is necessary to get cheap loans. It reflects your financial discipline.
By making 750+ credit score, banks give loans at lower interest rates. It strengthens your financial position.
Financial discipline is necessary to improve credit score. Pay EMIs and bills on time, avoid over-borrowing.
Keep credit card utilization below 30% of the limit. This positively impacts your credit score.
Pay loan and credit card bills on time. Late payments lower the credit score.
Taking different types of loans (home loan, personal loan) improves your credit mix.
Check your credit report regularly. Correct mistakes immediately and beware of fraud.