In today’s world, becoming financially healthy is identically essential as making money. Your credit profile is important whether you want to apply for a credit card, take out a home loan, or expand your business. We at Honest Capital Advisory Pvt Ltd help you develop solid financial habits so you may stay ahead of the curve and worry-free.
1. Focus on Your CIBIL Score
Your financial track record is similar to your CIBIL score. It is easier to obtain credit and loans at lower interest rates if your score is higher than 750. Don’t worry if your score is poor; it can be raised:
- Always pay EMIs and credit score card payments on time.
- Try not to use your entire credit limit.
- Don’t apply for too many loans at once.
These small efforts could make a huge distinction withinside the lengthy run.
2. Always Pay EMIs on Time
Even one delayed EMI can affect your CIBIL score. It’s always better to:
- For EMI payments, use auto-debit or set reminders.
- Make positive there may be a enough quantity for your financial institution account.
- Payment delays should be avoided more than once a year.
Making on-time payments builds lender trust and helps you keep your credit history spotless.
3. Don’t Ignore Insurance
Life is unpredictable. Having life and health insurance is not an expense—it’s a smart investment for your family’s future. Many people skip it thinking it’s not needed, but when a crisis hits, insurance becomes a blessing.
Final Note:
A secure future is largely dependent on effective money management. Developing sound financial habits is our goal at Honest Capital Advisory Pvt Ltd so that you never experience needless financial strain.