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CIBIL Score must know facts

Always have money when you need it! 
Be credit aware by knowing what impacts your CIBIL TransUnion Score
 30% - Payment History
 25% - Credit Exposure
 25% - Credit Type and Duration
 20% - Other Factors
CIBIL TransUnion Score and Credit Information Report (CIR) is an evidence of your credit worthiness and plays a critical role in the loan approval process by a Bank.
Here are 6 simple rules to maintain a good Credit Score:
 Always pay your installment & charges on time
Late payments are viewed negatively by lenders.
 Keep your balances low
Always be prudent to not use too much credit, control your utilization.
 Maintain a healthy mix of credit
It is better to have a healthy mix of secured (such as home loan, auto loan) and unsecured loans (such as personal loan, credit cards). Too many unsecured loans may be viewed negatively.
 Apply for new credit in moderation
The total size of your debt reflects on your credit report and has an impact on your CIBIL TransUnion Score. Apply for new credit cautiously.
 Monitor your co-signed, guaranteed and joint accounts monthly
In co-signed, guaranteed or jointly held accounts, you are held equally liable for missed payments. Your joint holder's (or the guaranteed individual) negligence could affect your ability to access credit when you need it.
 Review your credit history frequently throughout the year
Purchase your CIBIL TransUnion Score and Report from time to time to avoid unpleasant surprises in the form of a rejected loan application.

Source : HDFC Bank Mail

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