How much time will it take to improve the CIBIL score?
Improving your CIBIL score requires a lot of patience. It will take you six months to improve it. However, this is not a standard as the time will vary based on your civil score. If you have missed just one payment, you can improve your credit history in a month or two. However, if you have missed a couple of payments, the time taken will increase.
You can improve your credit score by:
- Making timely payments
- Setting Reminders to repay debts or activating the auto-debit feature
- Checking for credit report discrepancies from time to time
- Increasing loan tenures
- Avoiding multiple loans
- Opting for a debt consolidation