Today we are going to discuss how to increase your CIBIL score from 0 to 750+.
Suppose you wanted a secured loan
from a good financial institute with less rate of interest. Just because you have a low CIBIL score
your loan gets denied. The CIBIL score required in this financial institute is
750+ or close to 750.
Then you checked your CIBIL report and
found out that the score is 0.
Now you must be wondering when a
person gets a CIBIL score 0
The answer is simple, if you have never taken any loan from any financial institute or bank, then it shows zero. You even don’t have a credit card. You have never been a guarantor for any friend or family member and also u have never been a co-applicant. Hence the score shows 0.
Now how to raise your zero scores to
750+? And how long will it take to raise your score?
Today I am going to share my personal
experience and tips in which your CIBIL score will raise to 750+.
I took a small loan and paid it off
within 3 Instalments. Then I checked my CIBIL score it took a hike from zero to
729. Then after that 8 months when I checked my CIBIL report the score was about
746.
I have a big brother who took a personal loan and one year later when I checked his score it was 780+. Before
taking this loan, his score was -1.
-1 and o score is given to those who
never took any loan or didn’t have any credit card.
Just apply for a single loan and your CIBIL score will be raised to 720.
If you want to raise your score up to
750 within a year then take 2 loans and pay of its Emi properly. You will
easily achieve your target without doing much.
If you have a good credit mix then
your CIBIL score will be good.
Take a consumer loan along with a gold
loan. You can add a third loan to your list. Then the score will automatically
increase.
All this process will improve your
score and will build a strong CIBIL report.
The only thing you need to keep in my
is to pay off your Emi without fail and on time. If you fail to do so then you
will take time to reach a 750 score.
Once your CIBIL score falls, it takes a huge time to recover back.
Suppose your CIBIL score is currently
750+. then you took a loan, you failed to pay it off properly then your CIBIL score
went down to 650. Now you have to work really hard to get it back to 750+.
The first time when you took a loan and
reached 750 was easy but this time it might take years just to reach your
previous position.
If somehow your CIBIL score is less
than 500 and you want it to reach 750. Then I have made a detailed YouTube
video which will help you to gain the score.
The link is in the description below.
When the CIBIL score shows “NH”?
Suppose you took a long 5 years ago, and u paid
off the debt without any problem. Then you didn’t take any loan or credit card
loan for 3 years or more, your CIBIL report will not be updated and it will
show you NH.
If your CIBIL score is bad or the CIBIL report is weak, how you will rectify it? I have a detailed YouTube video. Please
check, the link provided in the description.
This will help you improve your CIBIL score.
Read More:
1. How to remove the "written off" status from the CIBIL
report?
3.Increase CIBIL score from 550 to 750+ | CIBIL score calculation method
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