How can I improve my credit score before applying for a two-wheeler loan?

Here are some tips to improve your credit score before applying for a two-wheeler loan:

• Review your credit report and dispute any errors you find. Incorrect information could typically lower your score. Going through the dispute process could possibly improve your score if errors are fixed.
• Pay all upcoming bills by their due dates. Your payment history plays a crucial role in positively/negatively impacting your credit score. Setting up reminders can help you avoid late payments, which could lower your score.
• Try to maintain low balances on your credit card compared to their limits. High balances can negatively affect your credit utilisation ratio, which is often a consideration in scoring models.
• Hold off on applying for additional new credit right now. New credit inquiries may have a modest short-term impact on your score.
• Become an authorised user on another person's credit card account. This can help improve your score if the account is in good standing.
• Check your credit score monthly before applying for a loan. This helps you track your progress and see the effects of positive credit habits over time.

The idea is to demonstrate responsible credit management over a period of time. So, aim to make payments on time, keep balances low, and monitor your score. This can put you in a better position when applying for a two-wheeler loan.