Bad CIBIL Score- CIBIL Score Kaise Badhaye | How to Increase Credit Score | How to Check CIBIL Score

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Why does our CIBIL score fluctuate? How is CIBIL score calculated?
Let's understand the concept of CIBIL score today and how it is calculate. Your CIBIL score is impacted by 4 reasons:

1. Payment History
If you have recently or consistently made late payments on your credit card or defaulted on EMIs, your CIBIL score will go down. (Plane nosediving SFX)

2. High Credit Utilisation
This means how much of your credit limit you use. The more you spend, the more negative impact it will have.

3. Multiple Enquiries
If you have recently applied for loans or credit cards in different places at the same time, your CIBIL score can go down because it indicates a debt burden.

4. Credit Mix
Finally, having a good balance between secured loans like car loans, home loans, and unsecured loans like credit cards and personal loans can increase your CIBIL score.
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