CIBIL which stands for Credit Information Bureau (India) Limited, is an ISO 27001:2005 company. A first of its kind, it is Indiaâ€™s premier Credit Information Company (CIC). Founded in the year 2000, it has established itself as a key participant of the Indian financial system. The company records credit-related information of individuals as submitted by registered member institutions. CIBIL works in association with TransUnion International Inc. and Dun and Bradstreet.
Tips to Improve Your Credit Score
Maintaining a good Credit Score is very important. Letâ€™s give you some ways to improve your Credit Score. Follow these tips and youâ€™re on the right track.
Be Regular With Bill Payments
Start paying those bills on time and your Credit Score will gradually improve.
Foot The Entire Bill
Paying only the minimum amount due on your Credit Card is not a good idea. Pay the full bill.
Increase Your Credit Limit
If you have a lower credit limit and still max out your Credit Card, that hurts your Credit Score. Boost your Credit Limit and use a lower limit. Thatâ€™s better.
Foreclosing Loans? Not A Good Idea
If you think making a lump-sum payment on your loan will boost your Credit Score, think again. Pay your EMIs on time to show that you have a good repayment history. Ready to improve your Credit Score? Letâ€™s get you started by getting you the perfect Credit Card.