Aiming for a credit score above 800 is best when you want to go above average. It’s just that borrowers find out the borrowers of this credit score range are credit-worthy. However, a CIBIL score of 800 is not so high in terms of possibility. You can aim for even higher than a credit score of 800 with the following tips.

How to Achieve a Credit Score Above 800?

Credit History

Your credit history with different lenders in combination is responsible for 15% of your credit score. So, irregular, very short, minimum or no credit history at all can halt your progress from reaching a credit score of 800.

Repay on Time

The most important factor that affects your credit score by around 35% is payment history. Making all the payments on time will have a significant effect on increasing your credit score by close to 800. However, even delaying a single payment can cause your score to go down easily.

Mind Your Credit Utilisation Ratio

Your total credit limit is how much your lender has decided to let you borrow. If you are using more than 50% of your total credit limit then you will have to restrain yourself from doing so. It is recommended by experts to use not more than 30% of your credit limit to maintain a low credit utilisation ratio for a high credit score.

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Periodically View Your Credit Reports

Keeping track of your credit score and reports is the best way to prevent any discrepancies or faults from showing up for a long time. Your credit score can also slide down if your credit report is showing any defaults like misinformation, incorrect figure, or negative details. You can check your credit score for free on several platforms including Paytm, GPay, Amazon Pay, the official app of CIBIL (only once a year), etc.