Generally, a credit score of 750 and above is considered to be a good score.Therefore, it is important to be aware of factors that affect your credit score such as timely and full payment of equated monthly instalments (EMIs) and credit card dues. If one's CUR frequently breaches this mark, one should either request one's card issuer to raise one's credit limit or opt for another credit card. Binani said, "Making multiple loans or credit card applications within a short span will reduce a person's credit score very fast. "Instead of submitting multiple credit enquiries directly to lenders, loan or credit card applicants should visit online financial marketplaces to select the optimal credit card or loan option after comparing various loan and credit card offers available basis his/her credit score, income and other eligibility criteria. "Credit bureaus calculate the credit score primarily on the basis of information provided by lenders and credit card issuers.

Source: Economic Times July 24, 2020 07:41 UTC