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731 Credit Score

Is it good or bad?

Your score falls within the range of scores, from 700 to 750, that is considered very good. A 731 CIBIL Score is an above the average credit score.

A 731 CIBIL Score is an above the average credit score.

Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

HOW TO IMPROVE YOUR 731 CREDIT SCORE?

A CIBIL Score of 731 is well above the average credit score, but there's still some room for improvement. A credit score in the Very Good range signifies a proven track record of timely bill payment and good credit management. Late payments and other negative entries on your credit file are rare or nonexistent, and if any appear, they are likely to be at least a few years in the past.

TIPS TO GET A HIGHER CREDIT SCORE THAN 731

1
Consider a credit-builder gold loan
Consider a credit-builder gold loan
Gold loans can help build borrowers' credit profiles, by demonstrating the ability to make regular monthly payments. When you take a doorstep gold loan with indiagold, you get a loan where you only need to pay the interest amount without worrying about the principal repayment. Gold loans at indiagold also have a very low interest rate, starting at just 0.77% per month. Once you've paid off enough installments, you get your gold back. Moreover, pickup and release of gold from your home are free. It's a neat way to not only utilize the gold that may be lying as a dead asset at your home, but also bump up your repayment history in front of the national credit bureaus, which can lead to credit-score improvements.
2
Pay your bills on time
Pay your bills on time
Paying your bills on time is the most important thing you can do to improve your credit score. It shows lenders that you are responsible with your money and that you can be trusted to pay back what you borrow.
3
Avoid high credit utilization rates
Avoid high credit utilization rates
Credit utilization, or debt usage, is the basis for about 30% of your Credit Score. Keep your utilization rate below about 30% can help you avoid lowering your score.