A CIBIL score is an important factor in obtaining a faster loan. Generally, the credit score range starts from 300 to 900. Whenever you take a loan, your credit score will be checked by lenders. Your credit score tells you about your credit history and repayment habits.
When we talk about improving a credit score, it’s not easy, but it’s achievable. QuickCashs tell you some points which help you to increase your CIBIL score within 30 days.
9 Easy Steps to Improve CIBIL Score
1. Check Your Credit Report Regularly
- Check your report at least once every few months and scrutinize it for errors or outdated records, like wrongly listed defaults or duplicate accounts.
- Early detection prevents unnecessary damage to your score and ensures accuracy.
2. Pay On Time Always!
- Payment history is the most important factor in your CIBIL score. Missing even one EMI or credit card payment can dent your rating significantly.
- Set up reminders or automated payments so every bill—EMI, card, utility—is cleared before the due date.
3. Keep Credit Utilization Below 30%
- Credit utilisation ratio refers to the percentage of your total credit limit that’s being used. Staying under 30% is ideal; below 10% is even better.
- Helpful tweaks: pay down balances mid‑cycle, ask for a credit limit increase, or reduce spending on credit cards.
4. Avoid Multiple Hard Credit Inquiries
- Every new loan or card request generates a hard inquiry, which can shave points off your score. Multiple applications in a short window raise red flags for lenders.
- Only apply when necessary, preferably after improving your score or after consolidating your needs.
5. Maintain a Healthy Credit Mix
- A blend of secured (like home loans) and unsecured credit (like credit cards or personal loans) showcases responsible credit behavior.
- But don’t overdo it—just a few active, responsibly managed accounts are all you require.
6. Resolve Delinquencies & Keep Old Accounts Open
- Don’t ignore overdue accounts. Either pay them off or negotiate a settlement. Recently closed collections can hurt less, especially if they’re zero‑balance accounts.
- Also, keep older credit lines open—they contribute to a longer average credit age, which boosts confidence in lenders.
Also Read: MoneyView Personal Loan
7. Use Starter or Secured Credit to Build History
- If you’re new to credit or recovering from missed payments, using a secured credit card or a small personal loan can help you build a consistent, positive repayment history.
- Pay it off regularly and keep utilisation low.
8. Monitor Progress and Stay Consistent
- Use credit monitoring tools to track your CIBIL score and get alerts on new entries or changes. This keeps you on top of fraud and sudden drops.
- Commit to disciplined behavior—most improvements happen over 3–6 months, with stronger results by 6–8 months of consistent effort.
9. Factor Emerging Trends in CIBIL Reporting
- TransUnion CIBIL is moving toward daily credit reporting instead of fortnightly updates. This means errors can be fixed faster and positive changes reflect more quickly on your score.
- Also, behavior like rapid borrowing via multiple small‑loan apps may impact your score—even if the amount is small.
For QuickCash’s Visitors: Pro Tips
- Before applying for a loan via QuickCashs, review your CIBIL score and report. A quick check helps clear any errors and strengthens your application.
- Use these strategies, especially timely payments and low utilization, to improve your creditworthiness and increase the chances of faster approvals.
- Be aware: a score of 720+ is considered good; 750–900 puts you in an excellent bracket, unlocking better interest rates and faster loan processing.
Also Read: Get 10,000 Personal Loan Online
Conclusion
Improving your CIBIL score isn’t instant—but it’s achievable easily. Focus on consistency: pay on time, manage credit smartly, avoid unnecessary applications, and monitor your score. With disciplined effort over the next few months, you’ll be better positioned for quick loan approvals, even high-value ones, and favorable loan terms.
