Just Started Earning? Time to Start Building Credit Score
If you’re new to earning a salary, congratulations! But there’s one thing most people overlook:
📉 You start with no credit score—not even a bad one.
To become eligible for better loans, credit cards, or financial benefits, you need to build your CIBIL score from scratch—and Vizzve Finance can help.
What Is a Credit Score and Why Does It Matter?
A credit score (like CIBIL) tells lenders how reliable you are with borrowing and repaying.
It ranges from 300 to 900, and:
✅ 700+ = Great for loan approvals
🚫 0 or NA = No history = No trust (yet)
6 Smart Ways to Build Your Credit Score From Scratch
1️⃣ Start With a Small Personal Loan
Use platforms like Vizzve to get:
₹2,000 – ₹10,000 instant loan
30–90 days repayment
On-time repayment = Score jump in 2–3 months
2️⃣ Get a Secured Credit Card
Use a fixed deposit (FD) to get a card and spend small monthly amounts.
Pay in full every month = excellent score builder.
3️⃣ Use Your Bank Account Actively
Keep your salary credited regularly
Avoid overdrafts or cheque bounces
Enable auto-debits for bills or EMIs
4️⃣ Avoid Applying for Too Many Loans
Every loan enquiry leaves a mark. Too many = credit-hungry = low score.
👉 Stick to 1–2 trusted apps like Vizzve Finance.
5️⃣ Pay EMIs and Bills On Time
Even a single delay can hurt your score
Use auto-pay or UPI reminders
6️⃣ Check Your Credit Report Every Quarter
Visit [CIBIL, Experian, or CRIF]
Spot errors, report issues
Free once a year or via credit apps
Why Vizzve Finance Is Ideal for First-Time Borrowers
💰 Instant loans from ₹1,000 to ₹50,000
🚫 No credit history needed
🧾 Upload bank statements instead of credit score
⏱️ Approval in 2 mins | Disbursal in 30 mins
📈 Credit-building repayment reporting
🔁 After 1–2 successful repayments, Vizzve offers Top-Up Loans that further strengthen your score.
FAQs
Q1. How long does it take to build a credit score from scratch?
Usually 3–6 months of consistent repayment activity.
Q2. Is salary proof required for credit score building loans?
Not always. Bank statement or gig income proof works on Vizzve.
Q3. What if I miss one EMI?
Missing an EMI hurts your score. Contact the lender to reschedule instead.
Q4. Can I build credit without a credit card?
Yes! Personal loans, EMI payments, and bill repayments can help build credit.
Published on : 24th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed