In India, your credit score can make or break your chances of getting a home loan, car loan, credit card, or even a job in the finance sector.
Yet most people don’t even know their score — or how it works.
Here’s a clear guide on:
What affects your credit score
How to check it for free
How to fix it fast, using Vizzve Finance tools
📊 What Is a Credit Score and Why It Matters in India
A credit score is a 3-digit number (typically between 300–900) that tells lenders how trustworthy you are with credit.
Credit score ranges:
750–900 = Excellent
700–749 = Good
650–699 = Fair
Below 650 = Poor
Why it matters:
Determines loan approval chances
Impacts interest rates (higher score = lower rates)
Affects credit card limits and benefits
Sometimes reviewed by landlords or employers
🔍 Top 5 Factors That Impact Your Credit Score
Payment History (35%)
Late or missed EMI/credit card payments hurt your score.
Credit Utilization Ratio (30%)
Spending over 30% of your credit limit signals risk.
Credit History Length (15%)
Longer credit use = more trust.
Types of Credit (10%)
A healthy mix of secured (loans) and unsecured (cards) credit is better.
Hard Inquiries (10%)
Too many loan/credit applications reduce your score.
🆓 How to Check Your Credit Score for Free in India
You’re entitled to one free credit report every year from each of the following bureaus:
CIBIL (TransUnion)
Experian
CRIF High Mark
Equifax
Use Vizzve’s Credit Health Dashboard to track your score monthly and spot issues early.
⚡ How to Improve Your Credit Score Fast
Pay EMIs and Credit Card Bills on Time
Set auto-reminders or auto-debit via Vizzve
Keep Credit Utilization Below 30%
If your limit is ₹1 lakh, spend no more than ₹30K
Don’t Close Old Credit Cards
Age of account builds history
Limit New Credit Applications
Avoid multiple applications in a short span
Dispute Errors in Credit Report
Report to the bureau if there’s any incorrect data
Use Vizzve’s “Boost My Score” Toolkit
Credit monitoring, alerts, and repayment planning
🧠 How Vizzve Helps You Build Credit Healthier
✅ Auto-payment tools to never miss due dates
📉 Utilization alerts when you cross 30%
📑 Credit goal planner for home, car, or travel loans
📲 Monthly score tracking to stay updated
🛡️ Credit health reports with actionable insights
💬 Final Take: Credit Score = Financial Reputation
In a world full of EMIs, credit cards, and digital loans, your credit score is your financial passport.
Fixing your score isn’t hard — it just needs consistency, tools, and a bit of credit-smart thinking.
Start with Vizzve. Track smart. Pay smart. Grow strong.
❓ FAQs
Q1: What is a good credit score to get a home loan in India?
A: 750+ is considered ideal for best rates and faster approvals.
Q2: Does checking my score often lower it?
A: No. Soft inquiries like personal checks don’t hurt your score.
Q3: Can I fix my credit score in 3 months?
A: While long-term repair takes time, small wins like on-time payments and reducing debt can improve your score in 90 days.
Published on : 19th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed.