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The CIBIL score is an important aspect of maintaining a good financial history. It’s a three-digit number ranging from 300 to 900, which reflects an individual's creditworthiness. A high score indicates good creditworthiness and a low score indicates poor creditworthiness. These are the top 5 factors affecting your CIBIL score so that you can understand what you need to do to maintain a good score. 5 Factors Affecting Your CIBIL Score Payment History Credit Utilization Ratio Length of Credit History Credit Mix Credit Enquiries 1. Payment History One of the most significant factors that affect your CIBIL score is your payment history. It represents how well you have handled your previous loans and credit card bills. Late payments and defaulting on loans can severely hurt your score. Even one late payment can reduce your score, and if you have a history of late payments, it can seriously impact your credit score. The more recent the default, the more the impact on your score. Therefo...