what affects cibil score

The CIBIL score is a three-digit numeric summary of your credit history that indicates your creditworthiness. Several key factors significantly affect your CIBIL score:

• Payment History: Timely and full repayment of EMIs and credit card bills is the most important factor.
• Credit Utilization Ratio: Keeping your utilized credit below 30% of your total limit is advisable.
• Credit Mix and Age: A healthy mix of secured and unsecured loans over a long credit history helps.
• Credit Enquiries: Avoid making multiple loan or credit card applications simultaneously.