There are some obvious factors that impact
credit scores which everyone should be
1. Late payments
Late payments are a big NO and this is the last thing you want to do if you want a great credit. Even a small delay of 30 days could adversely impact your score.
2. Your credit utilization ratio
One can’t just go by paying your debts with your credit cards. You need to pay the card dues in regular intervals and ideally maintain 35-40% utilization ratio at all times.
3. Multiple Loan/Card Applications in Short Interval
One Should not appear to be credit hungry- This is because of a simple reason that each new application will trigger a hard enquiry from the CIBIL which impacts your score.
4. Check Your Reports
CIBIL and other credit bureaus get a huge amount of data to evaluate and there is no detailed check for them to verify the accuracy of these data points. There can be a possibility that the information provided by a particular lender to CIBIL may be inaccurate and this could impact your scores adversely. So one needs to carefully go through the credit reports to ensure there are no mistakes.