Credit Scores in India
What Goes Into Your Score
Payment history, credit utilisation, credit mix, length of history and new enquiries are the main factors.
Scores follow patterns.
Payment history
Paying on time is the biggest factor; missed payments hurt.
Utilisation
Using a small share of your credit card limit looks healthier than maxing it out.
Mix and age
A mix of secured and unsecured loans and a longer history help.
Enquiries
Many loan applications in a short time can lower the score.
A maxed-out card
A person who regularly uses 95 per cent of their card limit sees a lower score.
Assuming closing an old card always helps
It may shorten your credit history.
Key takeaways
- Timely payment matters most.
- Low utilisation helps.
- History length helps.
- Many enquiries hurt.
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