To increase your CIBIL score fast, focus on these key strategies:
- Pay down credit card balances to reduce your credit utilization below 30%, which can quickly improve your score as utilization is a major factor.
- Make all loan and credit card payments on time to build a positive payment history, which impacts around 35% of your score.
- Check your credit report for errors and dispute any inaccuracies, as removing incorrect negative items can boost your score within about 30 days.
- Get added as an authorized user on a credit card account with a strong history of on-time payments and low utilization, as this can raise your score without new borrowing.
- Avoid applying for multiple loans or credit cards in a short period, since multiple hard inquiries decrease your score.
- Maintain a healthy credit mix of secured and unsecured loans to enhance your credit profile.
- If possible, settle any outstanding debts or negotiate pay-for-delete agreements with collection agencies to remove negative items.
These methods can improve your CIBIL score significantly and sometimes by up to 200 points in 30 days, although consistent good credit habits are essential for long-term improvement.
