Rupee Trees

Swiping a credit card when you shop is easy but repaying on time is also important....

Primarily, all loans fall into two broad categories – secured loans and unsecured loans. Secured loans are high-end loans like home loans or car loans which, when paid on time, contribute to a solid CIBIL score. On the other hand, unsecured loans, are the loans which do not need any collateral, like personal loans or credit cards. The more unsecured loans you have outstanding, the lower your CIBIL score.

Observe the pattern in which you have been making payments and try regularizing it to improve your score.