Having a low CIBIL score in India can make it difficult to get approved for a loan or credit card. However, there are steps you can take to improve your score and increase your chances of getting approved.

1. Check for Errors

Review your CIBIL report for any errors and dispute any inaccuracies with the credit bureau.

2. Pay Bills on Time

Late payments can have a significant impact on your CIBIL score. Make sure to pay all your bills on time, including credit card and loan payments.

3. Keep Credit Utilization Low

Your credit utilization, or the amount of credit you are using compared to your credit limit, can have a big impact on your CIBIL score. Try to keep your credit utilization below 30%.

4. Limit Credit Applications

Each time you apply for credit, a hard inquiry is made on your credit report, which can lower your score. Limit the number of credit applications you make.

5. Maintain a Good Credit Mix

Having a mix of different types of credit, such as a credit card, personal loan, and home loan can improve your CIBIL score.

6. Keep old Credit Accounts Open

The length of your credit history can have an impact on your CIBIL score. Keeping old credit accounts open can help increase the length of your credit history.

7. Consider a Secured Credit Card

If you are unable to get approved for a regular credit card, consider applying for a secured credit card. A secured credit card requires a security deposit, but can help you build credit over time.

8. Seek help from a Financial Advisor

If you are struggling to improve your CIBIL score, consider seeking help from a financial advisor who can help you create a plan to improve your creditworthiness.

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