When you apply for a loan, the bank first looks at your CIBIL score. CIBIL score plays a very important role in loan approval because it shows the repayment history of your previous loan. If your CIBIL score is very low, then banks are not ready to give loans easily and even if you get a loan, it comes with a very high interest rate. CIBIL score deteriorates due to some of our own mistakes. If you want your CIBIL never to go below 750, then remember these 5 things forever. After this, any bank will easily approve your loan.

Payment of bills and installments

If you have taken a loan from the bank, then pay the bill on time. On the other hand, if you use a credit card, then pay the expenses made from the credit card on time. This will automatically start improving your credit score.

Avoid taking multiple loans at once
If you want to maintain a good credit score, you should avoid taking multiple loans at once because in such a situation the burden of EMI increases a lot on you. Sometimes EMIs can also be missed. This can spoil your credit score.

Do not spend recklessly with credit cards.
Use only up to 30 percent of the credit card limit. Avoid making very big purchases with credit cards. This spoils your credit score. If in any situation you have to make a big purchase with a credit card, then it should be paid before the billing cycle ends.

Think a thousand times before becoming a loan guarantor.
Think well before becoming someone's loan guarantor because if the loan taker does not repay the loan on time or does not pay the installments on time, then you will also have to bear the brunt of it and this can spoil your credit score. Therefore, people should think a thousand times before deciding to become a guarantor and if they have become someone's guarantor, then keep an eye on whether the borrower is paying the installment on time or not.

Do not increase the credit card limit repeatedly.
Having a high credit card limit is not an achievement, rather it only increases your expenses. Therefore, do not try to increase your credit card limit repeatedly. Increasing the card limit is proof that your expenses are excessive. In such a situation, whatever you spend on the credit card, you will have to pay that bill. Sometimes if the bill is high and you are not able to pay it on time, then your credit score can be affected.

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