ക്രെഡിറ്റ് കാർഡ് ഇല്ലെങ്കിലും മികച്ച സിബിൽ സ്കോർ നേടാം; അറിയേണ്ട കാര്യങ്ങൾ ഇവയാണ്

A credit score is based on your credit history, not simply on whether you own a credit card. CIBIL's score ranges from 300 to 900 and is calculated using information in your credit accounts and enquiries. If you have never borrowed, you may have little or no credit history for lenders to assess. One way to establish a track record is through a small consumer-durable loan, such as financing a phone or appliance, provided you genuinely need the purchase and can comfortably manage the EMI. CIBIL identifies such loans as one route for new-to-credit consumers to begin building a credit history. The important part is not the loan itself, but making every repayment on time. A vehicle loan can also contribute to your credit history. So can other reported loans, including a personal loan. But taking a loan purely to improve your score is rarely sensible. Interest and fees can cost far more than any benefit from having another account on your credit report. If you have a fixed deposit and genuinely need a credit facility, a secured credit card can be another option. These cards are supported by deposits and will assist in developing a history of repayments. You don't have to maintain any balance in order to develop a repayment history as all that matters is your payment in full. The utility of a loan account depends upon how well you manage it. Not paying the EMI, delay in payment or borrowing too much money based on your salary can work against you. CIBIL advises borrowers to pay dues on time, apply for new credit in moderation and maintain a healthy mix of secured and unsecured credit. Your credit report deserves attention even when you do not have a credit card. Checking it can help you spot an account or enquiry that you do not recognise and identify errors that may need correction. Your own CIBIL check does not affect your score, and a free CIBIL Score and Report is available once every calendar year. There is also no need to chase a particular score simply for the sake of having a high number. Lenders consider your credit report along with income, existing obligations and other information when assessing an application. A good score can help, but it is not a guarantee of approval or a particular interest rate. For someone who has always relied on cash or a debit card, the best approach is therefore gradual. If you genuinely need credit, start with an affordable facility, understand the repayment terms and build a record of paying every instalment on time. You do not need a wallet full of credit cards to demonstrate responsible borrowing. A small, well-managed credit account and a clean repayment history can gradually give lenders the evidence they need to assess you.