Timely payment of credit card bills, loan EMIs, and other dues is the most critical factor in maintaining a good credit score. Even a single missed payment can
Try to keep your credit card balances well below the credit limit. High credit utilization suggests that you may be overextending your credit, which can lower your score. Aim to keep your credit utilization below 30% of your credit limit.
The length of your credit history matters. Closing old credit card accounts can shorten your credit history and potentially hurt your score. Even if you don't use an old card frequently, consider keeping it open to maintain a longer credit history.
Each time you apply for credit, a "hard inquiry" is made on your credit report. Too many inquiries in a short period can lower your score. Be selective about applying for new credit, and only do so when necessary.
Mistakes on your credit report can negatively impact your score. Regularly review your credit report to ensure accuracy. If you spot errors, dispute them with the credit bureau to have them corrected.