mmm-santa
  • Not checking your Credit Report or the CIBIL score and not correcting the errors in the CIBIL report.
  • Late payment on EMIs and defaults on Credit cards.
  • Using a high percentage of the credit limit as far as the credit cards are concerned.
  • Closing your oldest credit card which has a good credit history.
  • Paying only the minimum amount due on your credit card.
  • Bouncing off your cheques.
  • Opting for a settlement instead of properly closing an account.
  • Having a single form of credit, especially unsecured.
  • Not availing a loan or using a credit card.
  • Not taking a break and having continuous debts.
  • Having several loans and credit cards at the same time.
  • Several loan applications to several banks at the same time or in a short span of time.
  • Taking more than what you can repay.