The Ultimate Guide to Fix CIBIL Score

Credit repair India includes reassembling your credit health to a level where you become eligible for unsecured loans. If your score is less than 650 it is suggested to look for professional help because it will take more time to rebuild. Otherwise score between 650–750 improved you by taking the necessary steps.

How to solve problems with low cibil?

· Credit card against fixed deposits- You could correct your CIBIL default score by availing of a secured credit card against a fixed deposit(FD) it ensures that you are not going to miss any payments.

· Write down a goodwill letter- You can request anytime to lender or agency by giving a goodwill letter to them for removing negative remarks from a credit report of delay in repayment. You need to explain the genuine reason for the payment delay, it’s up to them to accept your request or not. It is helpful in fix cibil score.

· Keep former credit cards open- Don’t be so hurry to close your old credit card and loan account, Keep them open because they consist of long-term history. Credit history contributes 15% to calculate the CIBIL score.

· Submit a request for the unreliable report- A borrower or individual must confirm that mistakes in his credit report must be reported by the individual on the CIBIL official website, If your appeal already submitted is pending inform about it lender that once that mistake is rectified automatically low cibil score will increase.

· Think twice before applying — Your credit not be harmed if you sorted all queries simultaneously. After doing a hard inquiry you need to think more than twice before the switch to any major decision.

· Variety of credit combinations- Managing various types of credit mixes will boost your low cibil score. A diversification in mix includes different kinds of loans and from different sources. Try to handle all tiny expenses from credit cards only. Don’t open too many accounts in a short span of time because lenders will suspect your activity.

Frequently asked questions for credit repair India

1 .How can I remove cibil default status from my report?

If you find any kind of cibil default status in your credit report. You can take sudden help of any agency that can file a dispute from your side with attached evidence to the credit bureau. After receiving credit reports with errors, you can take measures to remove these negative things which are the reason for low cibil.

2. How long year debt stick on a report?

Yours all credit activities with the lenders and missed and delayed payments (default cibil) which are recorded with credit agencies stick on your report for 7 years.

3. How smart I can manage my mini credits activities?

· Maintain balance in using credit cards.

· Pay all bills on time (like electricity, phone, etc) by online mode, through online mode it is easy to keep all records.

Note:- It is not so difficult to fix cibil score, a high percentage of individuals facing this issue, You can keep great cibil by putting little effort.

Source- https://medium.com/@saralcredit/the-ultimate-guide-to-fix-cibil-score-6ec3edd5b1ac