Cibil score improvement suggestion

[asifehkd]

Hii, my CIBIL score is 705, I have 2 active account (Emi are getting paid on time), 3 additional loan account, loan repaid for those 3 also on time, out of this 3 , one account is reported in Cibil and marked as closed, but he other two not yet reported in Cibil as of now. (Will be also reported in Cibil and marked closed in next 15 days).

No delay payment
Credit account age 1 month
29 enquiries
Zero credit card.

My target is to increase cibil score to 750 plus. What should I do what should I avoid?

 

[Monu Gautam]

Hii

Wait for Your Closed Loans to Be Reported:

Once those two repaid loans get reported as "closed" with timely payments, your score is likely to go up by itself. Positive credit behavior just needs to reflect in the report.

Add a Credit Card (and Use It Wisely):

You currently have zero credit card history. Adding one will:

Diversify your credit mix (which helps)

Give you a chance to show good credit utilization (30% or lower usage is best)

Start with a low-limit card or a secured card if needed.

Use it for small monthly expenses (like subscriptions or groceries), and pay the full bill before the due date.

Avoid Hard Inquiries Now:

You already have 29 enquiries, which is high.

Don’t apply for any more credit (loans, cards, BNPL etc.) for the next 6 months unless absolutely necessary.

Let Your Credit Age Build Naturally:

Your credit age is only 1 month, so time is your friend here.

The average age of credit accounts is a factor. Keep all your old accounts open and in good standing.

Monitor Your Credit Report:

Once the remaining 2 closed loans are reported, check your CIBIL report to ensure they are reflected accurately.

You can use CIBIL’s own app or platforms like Paytm, OneScore, or CreditMantri to track your score for free.

What You Should Avoid:
New Loan Applications or Cards for Now: No more fresh credit applications until your score improves.

Missing Even a Single Payment: Continue with perfect repayment behavior.

High Credit Utilization (if you get a credit card): Try not to use more than 30% of your limit.

Closing Older Accounts: If you open a credit card, don’t close it anytime soon.

Expected Timeline:

With no negative behavior, once the remaining two loans show as closed with timely payments and your credit age crosses 6 months, you might already hit 730–740. Adding a credit card, maintaining low utilization, and letting time pass can bring you to 750+ within 6–9 months.