Just a month ago, my CIBIL score was 665. The reason? A loan I had defaulted on 3–4 years back. That one mistake pulled my score down, and now when I really needed a bigger loan, every lender rejected my application because of that low credit score.
I realized I had to take some solid steps to rebuild my credit history. After doing some research and talking to a few people, I found a simple strategy that worked — and surprisingly fast.
Step 1: Took a Small Loan and Repaid On Time
I came across an app called Lendingplate where I was eligible for a small personal loan. So, I applied and took a loan of ₹5,000. I made sure to repay the loan on time — no delays, no excuses.
This helped in showing that I was now responsible with credit. Even though it was a small amount, it still created a positive credit history.
Step 2: Got a Credit Card Against Fixed Deposit
Next, I applied for a credit card backed by an FD (Fixed Deposit) through a company called KreditPe. I made an FD of ₹2,000 and got a credit card based on that.
I used this credit card smartly for a month — bought a few essentials and repaid the full amount before the due date.
The Result?
Just these two small actions increased my credit score from 665 to 712 — all within one month!
What You Can Learn from This
If your credit score is low and you’re struggling to get loans, don’t wait for it to magically improve. Take small steps like:
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Apply for a small loan (from an NBFC, not a bank)
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Repay it on time
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Get a secured credit card (against FD)
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Use the card wisely and pay back before the due date
With discipline and a few small steps, you can improve your credit score just like I did. It’s not about big money — it’s about showing that you’re trustworthy with credit.