CIBIL SCORE affect

[Monu Gautam]

I bought a phone through Home Credit to improve my CIBIL score. My CIBIL score has now reached 753 after successfully paying 6 EMIs on time. Now, only 1 EMI is left. Once I pay the 7th EMI and the loan is completed, will my CIBIL score decrease or remain stable?

If it’s going to decrease, please give me some ideas on how to keep my CIBIL score stable and not let it drop
.

 

[hitirfan]

I bought a phone through Home Credit to improve my CIBIL score. My CIBIL score has now reached 753 after successfully paying 6 EMIs on time. Now, only 1 EMI is left. Once I pay the 7th EMI and the loan is completed, will my CIBIL score decrease or remain stable?

If it’s going to decrease, please give me some ideas on how to keep my CIBIL score stable and not let it drop
.

Use of Credit Card by paying on time, keep Utilisation very low help to improve credit score. If you cannot get Unsecured Credit Card, then apply for Credit Card against Fixed Deposit.

There are various FD Credit cards available.