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Features of credit score

Payment history: It shows the percentage of payments done on time. To ensure you have a good credit score consistently make sure you pay your dues on time. The more on-time payment you make, it enhances your credit score.

Credit card utilization: It showcases your percentage utilization of your credit cards. To maintain a healthy score, you must avoid using your credit cards unless necessary.

Number of credit lines: It shows the number of active loans, credit cards, etc on your name. Having a good mix of credit instruments points to a healthy credit score.

Credit Age: It showcases how long have you held a credit account. The older the credit account, the better.

Credit Enquiries: It means the number of times a bank or NBFC has inquired about your credit report from the CICs. The lesser the number of enquires the better.

Defaulted Loans: It shows the loans that are currently in a defaulted state. You at any cost must avoid a defaulted loan. Even a single defaulted loan can adversely impact your credit score negatively.