How to Maintain/Improve Your Credit Score

Photo by engin akyurt on Unsplash

We have already discussed the importance of credit reports and how to get them free without fear of spam calls.

Let us now look at the factors that influence your credit score.

The methodology used by credit bureaus to calculate credit scores is not available in the public domain.

However, the following are the broad factors and their weightage as gleaned from RBI instructions and Credit Bureau disclosures:

Bottom line: To maintain/improve your credit score, do the following:

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Driven to Learn. Driven to Improve. Driven to Share. Excel and Personal Finance enthusiast.