how to build credit score

Building a strong credit score is achieved by consistently demonstrating responsible financial behavior. The most critical steps are maintaining a perfect payment history and keeping your credit utilization low.

• Always pay off your credit card bills and loan EMIs fully and on time every month.
• Maintain a low Credit Utilisation Ratio (CUR), ideally below 30% of your total credit limit.
• If you have no history, start with a secured credit card against a fixed deposit or a small consumer durable loan to build a positive credit profile.