A CIBIL score or credit score is a number that ranges from 750-900 and is used by the lenders to approve an applicant's creditworthiness. The more closer your score is to 900, the higher are the chances of getting loan. A CIBIL score above 750 can help you in availing loan easily. However, there are some factors that can affect your credit score:

1.Repayment History

One of the biggest factor that can affect your CIBIL score is the repayment history. The longer your credit bills remain unpaid, negative your score will be. You should make it a priority to pay your bills on time. By recent analysis, repayment history accounts for 30% of your score.

2. Number of credit Inquiries

When you apply for a credit, lenders run a check known as a hard inquiry through your credit report, which shows the total number of credit inquiries. It has a negative impact on your score. Therefore, always apply for a loan when there's an actual need.

Whereas, a soft inquiry can be done by you and it does not have any impact on your score. It is done to check your report multiple times.

3. Credit Utilization Limit

It tells you about your credit limit and how much you have used it. It is always advised to keep it below 30%. The less credit you use, the good your score will be.

4. Length of credit history

Banks maintain a detailed report of your credit history. A long and positive history helps you to improve your score. It shows that you have a good experience of handling credit. Therefore, it is advised not to close old credit cars as you will lose out on the long credit history.

5. Credit mix

A credit mix is a mixture of secured and unsecured loans. Secured loans are availed by collateral which include home loan, car loan, etc. Whereas, an unsecured loan is not availed by any collateral. A high score of secured or unsecured credit can affect your credit score. Instead, try to have a balance of both.

Hope these pointers will help you to improve your CIBIL score.