Credit Score

Since your score is already near 800, it's more about staying consistent now. Keep your credit usage under 20%, avoid frequent new card applications, and don’t close your oldest accounts; account age matters.

Make sure your report is error-free. Banks will prioritize your steady income and good repayment history for a future home loan over minor credit score improvements.

First things first, if you have any overdue loans or credit card bills, make sure to pay them off. Late payments can seriously interfere with your CIBIL score. Once you're all caught up, just try to pay your bills on time from then on. Getting a secured credit card can also be a good way to help rebuild your credit history.

Try to keep your spending in check and avoid applying for too many loans at the same time. If you stay on top of this, you’ll definitely see your score go up before you apply for that home loan.

Since you’ve already obtained two cards and have a good payment history, your profile is looking much stronger! In India, just 6 to 12 months of on-time payments can significantly boost your score and increase banks' trust in you.

I suggest waiting a few more months before reapplying to the banks that said no. If you rush now, another rejection might hurt your score. A little patience will give you a much better chance of getting approved.

@KohlQueen You’re looking at this the right way. It’s always better to build up your savings first, so you have a safety net. At the same time, try to avoid using the cards for anything extra for now. If you can balance saving a little while keeping your debt down, you’ll stay on track without stress.

@Mr-Aryan Getting your CIBIL score up to 710 or higher usually takes around 6 to 12 months if you stick to good habits. Make sure you pay your bills on time, keep your credit utilization low, and avoid taking out new loans for a while. Remember, banks only share your information once a month, so there aren't any quick fixes. Just stay persistent, and give it some time.

Well, it seems that building a credit score from scratch is like a catch-22. How can I establish credibility quickly without taking on unnecessary debt? I want to build a strong profile for the future, but I’m terrified of making a mistake that will be hard to fix later.

To improve the credit score, try to repay all the dues on time and try to reduce the usage of credit cards. These are some important thing that you need to do.

Apart from this, negotiating debt settlements and disputing genuine errors, credit repair services can also help.

To check your CIBIL score for free, there are many reliable platforms available in India. Websites like the CIBIL (official website), CRED, PaisaBazaar, and some financial institutions, including banks.

To improve the CIBIL score, follow some rules like paying the bills on time, reducing the usage of credit, avoiding multiple loan applications, and maintaining a healthy credit mix.