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  You pay your EMIs on time. You never miss a credit card due date. Yet your CIBIL score refuses to cross 720. Sound familiar? For the uninitiated - a CIBIL score is a 3-digit number between 300 and 900 that reflects your creditworthiness .  Lenders use it to decide whether to approve your loan, at what interest rate, and for how much. A score above 750 is considered healthy; below 650 and most banks will either reject you or charge a premium. The problem? Most Indians unknowingly  damage their CIBIL score  through habits they never suspect #1 High Credit Utilization - Even If You Pay in Full Using more than 30% of your credit card limit flags you as credit-hungry - even if you clear the full balance every month. CIBIL captures your usage  at the time of reporting , not after payment. Fix: Keep card usage below ₹30,000 if your limit is ₹1 lakh. Or request a limit increase. #2 Too Many Loan Applications in a Short Time Every time...

  If you're a small business owner in India with a low CIBIL score, getting a business loan can feel like hitting a wall. But here's the truth - it's not impossible. The key is knowing which type of loan to go for. Let's break it down simply.   What Is a CIBIL Score and Why Does It Matter? Your CIBIL score is a 3-digit number ranging from 300 to 900. Think of it as your financial report card. The higher it is, the more trustworthy you look to lenders. A score above 750 is considered great. Below 650? Lenders start getting cautious. When you apply for a business loan, lenders check this score to decide whether to approve your application - and at what interest rate. Many business owners don't realize that common  CIBIL score mistakes  - like over-utilizing credit cards, making multiple loan applications at once, or ignoring errors in their credit report - are quietly pulling their score down and blocking loan approvals before they even begin.   Sec...