Crucial Warnings

Critical "Don'ts"

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Don't Close Old Accounts

The length of your credit history matters significantly. Keeping your oldest credit card active (even with zero balance) helps maintain your score's "vintage" factor.

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Stop Frequent Inquiries

Every time you apply for a loan, a "Hard Inquiry" is recorded. Multiple inquiries in a short period signal financial distress and "credit-hungry" behavior to lenders.

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Avoid Being a Co-Signer

Remember that if you co-sign a loan for a friend or relative who defaults, your CIBIL score will be ruined as well. You are equally responsible for the debt in the eyes of the bank.

Score Improvement FAQ