CIBIL maintains records of your credit card payments and loans. A high score increases your eligibility for home, personal, and vehicle loans. It's especially critical for unsecured loans (no collateral).
### How to Improve Your Score:
- **Financial Discipline**: Make payments on or before the due date.
- **Limit Utilization**: Keep your credit usage below 50% of the limit.
- **Control Urges**: Cut down on shopaholic tendencies.
### What has a Negative Impact?
- Bounced checks or late payments.
- Maxing out your credit cards.
- Multiple parallel loans.
- No credit history (NH/NA).
### Conclusion
A score of 750 is perceived as a responsible borrower. Tracking these figures is easy and immenseley beneficial. Ensure your score stays in the 300 to 900 range.