Have a poor CIBIL score? You can improve it immediately with these smart methods. Learn what to do.

CIBIL Score Tips: If you have a low CIBIL score, there's no need to worry. By using these methods wisely, you can improve your CIBIL score.

These days, people hear the term CIBIL score a lot. But many don't know what it is or why it's important. A CIBIL score is a number that indicates whether you make your loan or credit card payments on time.

Sometimes, people's CIBIL scores deteriorate, making it difficult to obtain loans or credit cards in the future. If your CIBIL score has deteriorated, you can improve it by trying some smart methods.

Sometimes, the score is due to incorrect information or duplicate data. Therefore, keep checking your CIBIL report regularly. If you find any errors, correct them immediately. Only with accurate information can your score improve effectively.

Additionally, paying all bills and EMIs on time is the easiest way to improve your score. Whether it's a credit card bill or a home loan installment, late payments lower your score. Making timely payments builds a positive record with banks and credit agencies.

It's also important to utilize your credit card or loan limit wisely. Don't always use the full limit. Spend only about 30–40%. This demonstrates your ability to manage your funds in a balanced manner and repay on time.

Never close old credit accounts. Long-standing accounts strengthen your credit record. Opening new accounts is fine, but maintaining old accounts is also essential to have a positive impact on your CIBIL score.

If you've missed a payment or a loan has defaulted, repay it immediately. Prolonged nonpayment can further lower your score. Contact your bank or credit agency to resolve any open issues. This will clear your report.