Keeping your credit score above 700 can help you get better deals on loans, credit cards, and even rental homes. A good score shows lenders you’re responsible with money—and that can save you thousands of rupees in interest over time.

Here are seven simple and effective tips to help you maintain a strong credit score:

Late payments can hurt your credit score more than anything else. Whether it’s your credit card, loan, or utility bill, make sure you pay on or before the due date. Set reminders or turn on auto-pay if needed.

Try to use less than 30% of your available credit. For example, if your card has a Rs 1 lakh limit, aim to keep your balance below Rs 30,000. This shows lenders you can manage credit responsibly.

Every time you apply for a new credit card or loan, it slightly lowers your score for a short while. If you apply too often, lenders may see you as a risky borrower. Apply only when really necessary.

Having different types of loans—like a car loan, a home loan, and a credit card—can be good for your score. It shows you can handle different types of payments. But only borrow what you can manage.

Also Read: Is Your Credit Score Hurting You? Here’s How to Fix It | Republic World

The longer your credit history, the better it is for your score. If you have an old credit card with no annual fee, consider keeping it open, even if you don’t use it often. It helps build your credit age.

Sometimes your credit report can have errors—like wrong account details or missed payments that aren’t yours. You can check your credit report for free once a year. If you find errors, get them fixed right away.

When you co-sign a loan for someone else, you’re agreeing to pay if they don’t. If they miss payments, your credit score can drop. Only co-sign if you’re sure the person will repay on time.