Hello friends ,
I have been earning since 2008 and I have maintained a tremendous financial discpline . I got married recently . I used my complete credit limit to cover expenses in marriage . However i always payed my dues in full .After marriage , I applied for 3-4 credit cards ,out of which i got 2 .
I am now looking for a home loan and got my cibil report . I was expecting a better score as i have never defaulted 🙁 . However ,I was in for a shock as my cibil score was low . In hindsight , high credit utilization and too many cibil inquiries due to new credit card applications were a mistake.
I am now scared as the effect this will have on my home loan . I will be applying for my home loan in 2 months time . What should i do to mitigate the affect of low cibil score on my home loan approval process .
Thanks ,
Paritosh