This way you can fix your credit score, keep these things in mind!

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The importance of credit scores has increased significantly. It has become almost impossible to buy a house or a car without a good credit score. Maintaining a strong financial history by making timely payments during the loan tenure can strengthen your credit score.

Keeping your financial transactions in good standing is important for a good credit score. Credit cards play an important role in this and making consistent on-time payments can strengthen your score.

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A strong credit score enables banks and financial institutions to assess your ability to borrow and repay. However, even without a credit card, it is possible to build a strong credit score.

It is advisable to try to get a loan from a bank or non-banking financial company (NBFC). By repaying such loan instalments on time, your credit score will gradually become stronger. Make sure that your instalments do not bounce as this has a negative impact on the credit score.

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Paying utility bills like electricity, water and rent on time has a positive impact on your financial health. This has a good impact on your credit score, which reflects your responsibility towards financial commitments.

If you want to get the loan easily then keep a record of long employment with a good salary. Even if you have other assets and investments, the lending bank or NBFC gives great importance to your job so that their EMIs come on time.