The score is determined four key factors to your CIBIL score affects. By paying attention to this, will help keep your CIBIL score Protected from deteriorating.
- Paying Loan – If you pay late or unable to pay your EMI this will so it affects your score negatively.
- Credit MIX – By having a balanced mix of both, Secured and unsecured loans, your CIBIL scores is likely to have a positive impact.
- Frequent Inquiry – Frequent Inquiry of Loan in various banks has negative effect on your CIBIL score. By doing this, suggests that your debt burden may increase in future.
- High credit utilization – Increasing debt burden over time reflects increase in debt burden and has negative effect on your score.