Friends, today I am sharing my views with you all, as there are some simple steps to improve or increased the Ratings. Now a days Banks do not verified more but simply checks your CIBIL Score & approval based on it. I have learnt many things related with the cards as in past few years I used cards of banks like HDFC, SBI, RBL, INDUS IND, Stan Chart. I got my first card in the year of 2012, & since then I have seen many up downs regards my Cards ratings. But in past five years I have completely understand the way of Improving Card Ratings. I am explaining few simple steps for you all to increase or improved the Ratings:-
a) It is very much essential to pay minimum amount within the stipulated time period as per the statement, if you pay full amount then it will be more better.
b) Never allows or gives banks to debit your account. As sometimes it may happen that you forget or not able to maintain particular amount in your account, then the chances of EMI’s bouncing increases. It’s better to pay at your own to avoid such incidences. supposes we pay it late then only interest will be charged but no Bouncing will be there, & card will always be active in that case. So always go with EMI’s to pay at your own.
c) If you containing some loans then pls keep in mind that EMI’s should not be bounced at all.
d) Some banks considers Two Emis’ one year if get bounced then they do approved your Loans or cards, but more nos. may get badly impact your CIBIL. So pls keep this thing in mind.
e) Excessive requirement if there than use your Cards, otherwise pay at your Own . will get minimum libilty towards your Card payment & can be paid easily.
f) Never allowed anyone to check your Cibil score, it also impact your ratings.
By keeping above simple steps we can Definitely improved the ratings or chances of approval of Loans, or Cards.