CIBIL is considered to be an authorized organization that provides a cibil score. Generally, we measure the cibil score in terms of range. A score of above 700 is good, and below that, it is considered below.
The detailed report or the history :
It shows us about how many credit cards we can own, the total number of transactions that were made, a type of credit mix, and the total number of credit which was taken.
Another factor is the study of credit behavior. This would involve factors such as whether a regular payment has been made or not. We should use 30 % of the entire credit limit allocated to us.
Making timely payments also play a critical factor in terms of the credit card.
Credit mix: You must make a healthy credit mix to have a better credit score. For example, if your revolving credit has a secured loan such as a home loan or a loan against property or maybe an unsecured loan and credit card, then it is likely that you will have a better credit score. But if you have more of the same kind of credit, then it is more likely that you will end up having a poor credit score. Therefore having a good credit score check becomes important.
Another factor for maintaining a good credit score can be called the credit mix. Having a combination of secured and unsecured loans can be considered to be helpful.
While making the transaction, be careful about the soft query and hard query.
Continue Reading : What CIBIL Score Tell About You
Credit score 