What affects my credit score?

Several key factors affect your credit score in India. The most significant is your payment history; consistently paying loan EMIs and credit card bills on time helps maintain a high score. Credit utilization, which is the ratio of your current debt to your total credit limit, also plays a major role. Other factors include the length of your credit history, your mix of secured and unsecured loans, and the frequency of new credit applications or hard inquiries. Managing these responsibly ensures a healthy credit profile.