A good credit score opens the door to better financial opportunities. In 2025, maintaining a high credit score is more important than ever. Here’s how you can boost it fast.
What is a Credit Score?
A credit score is a three-digit number that shows how good you are with money. Lenders use it to decide if they should give you a loan.
Companies use credit scores to make decisions on whether to offer you a mortgage, credit card, auto loan, and other credit products, as well as for tenant screening and insurance. They are also used to determine the interest rate and credit limit you receive.
Companies use a mathematical formula—called a scoring model—to create your credit score from the information in your credit report.
Why is a Good Credit Score Important?
Lower interest rates on loans
Better chances for credit card approval
Higher borrowing limits
Steps to Improve Your Credit Score
1. Pay Bills on Time
Always pay your bills before the due date. This includes credit card bills, EMIs, and utility bills.
2. Lower Your Credit Card Balance
Try to use less than 30% of your credit limit. If your limit is ₹1,00,000, try to use only ₹30,000.
3. Check Your Credit Report
Get a free report from CIBIL, Experian, or Equifax. Fix any errors you find.
4. Don’t Apply for Many Loans at Once
Too many loan or credit card applications can hurt your score. Apply only when needed.
5. Keep Old Credit Cards Open
Older accounts help your score. If you don’t use them, keep them open and use them sometimes.
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