how to maintain credit score

To maintain a strong credit score, you must demonstrate consistent and responsible credit management.

• Always pay your loan EMIs and credit card bills on or before the due date, as timely payments are the most critical factor.
• Keep your credit utilisation ratio low, ideally below 30% of your total available credit limit, to avoid appearing credit-hungry.
• Avoid making multiple credit applications in a short period, as numerous hard enquiries can negatively impact your score.
• Maintain a good mix of secured and unsecured credit, and do not close your oldest accounts, as a long credit history is beneficial.
• Regularly check your credit report for any errors and raise a dispute if inaccuracies are found.