how to fix credit score

To fix a low credit score, you must establish and maintain disciplined credit behaviour. It is a gradual process with no quick shortcuts.

• Ensure all loan EMIs and credit card bills are paid on or before the due date, as payment history is the most crucial factor.
• Keep your Credit Utilisation Ratio (CUR) low, ideally below 30% of your total available credit limit.
• Avoid making multiple credit or loan applications simultaneously, as numerous 'hard inquiries' can negatively impact your score.
• Review your credit report regularly and immediately dispute any errors or inaccurate entries you find.
• Maintain a mix of secured and unsecured credit and avoid closing old, successfully managed accounts to preserve a long credit history.