how to improve cibil score after settlement

Improving your CIBIL score after a settlement is a gradual process that requires disciplined financial habits.

• The most critical step is to convert the account status from 'Settled' to 'Closed' by paying the remaining outstanding balance and obtaining a No Objection Certificate (NOC) from the lender.
• Consistently pay all your monthly dues and credit card bills on time and in full going forward to build a positive payment history.
• Maintain a low credit utilization ratio, ideally using no more than 30% to 50% of your credit card limit.
• Consider getting a secured credit card against a Fixed Deposit to help re-establish a good credit profile.