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How to improve your credit score

If your score is below 750 and you're planning a loan application in the next year, the good news is that most people can add 50-150 points with disciplined action over 6-12 months. Here's what actually works.

Last updated: 15 June 2025

Ten actions ranked by impact

  • 1. Pay every credit-card bill in full before the statement date
  • 2. Set up auto-debit for every EMI so you never miss one
  • 3. Keep total card utilisation under 30% of total limit
  • 4. Ask your card issuer for a limit increase (without asking for new cards)
  • 5. Do not close your oldest credit card even if unused
  • 6. Space credit applications - no more than one every 3 months
  • 7. Dispute any incorrect entries via CIBIL's dispute portal
  • 8. Add a small secured loan (like FD-backed card) if you're new-to-credit
  • 9. Ensure any settled loans are updated as 'Closed' after full clearance
  • 10. Monitor your report monthly during the improvement window

Timeline to expect

Starting scoreTarget after 12 monthsEffort required
550 – 649680 – 720High - fix defaults + build habits
650 – 699720 – 760Moderate - reduce utilisation, add mix
700 – 749760 – 800Low - maintain habits, wait for age

Common mistakes to avoid

  • Taking a settlement rather than negotiating a full-payment plan
  • Closing recently opened cards immediately
  • Ignoring a small utility EMI you set up months ago
  • Applying to 5 lenders simultaneously to 'test' who approves
  • Trusting SMS/agents offering 'CIBIL correction' for a fee

Frequently Asked Questions

Related pages

How to Improve Your Credit Score - 10 Practical Steps | FinancePaisa