667 CIBIL Score

667 CIBIL Score: Simple Tips to Improve and Secure Better Financial Options
CHECK SCORE
667 CIBIL Score
CHECK SCORE
3 mins read
05-Feb-2025

667 CIBIL Score: Is it Good or Bad?

A 667 CIBIL score is considered average, indicating moderate creditworthiness. While it is not a poor score, it falls short of the "good" range, making it harder to access premium financial products. Lenders may approve your loans or credit cards, but the terms are likely to include higher interest rates and stricter conditions. This score highlights the need for improved credit management to gain better financial opportunities. To enhance your eligibility for competitive products, aim for a score above 700. Practising timely repayments, reducing credit utilisation, and maintaining a strong credit profile can help boost your score over time.

How to improve your 667 CIBIL Score?

Improving a 667 CIBIL score requires consistent financial discipline. Start by paying all your bills, EMIs, and credit card dues on time, as punctual repayments have a significant positive impact. Keep your credit utilisation ratio below 30% to reflect responsible borrowing. Avoid frequent applications for credit, as hard inquiries can lower your score. Regularly review your CIBIL report for errors and get them rectified promptly. Maintain a balanced credit mix of secured and unsecured loans to strengthen your profile. By adhering to these practices, you can steadily improve your score above 700, unlocking better financial opportunities and favourable terms.

How does a 667 CIBIL Score impact interest rates?

A 667 CIBIL score can result in higher interest rates on loans or credit cards, as lenders perceive you as a moderate-risk borrower. While you may still qualify for credit, the repayment terms are less favourable compared to borrowers with higher scores. To secure lower interest rates and better terms, focus on improving your score above 750. Regularly paying dues on time, reducing credit utilisation, and avoiding multiple loan applications can help enhance your score. A higher score not only makes borrowing cheaper but also increases your access to premium financial products, providing long-term financial benefits.

Frequently asked questions

Is 667 CIBIL score good?
A 667 CIBIL score is average but not classified as good. It indicates moderate creditworthiness and limits access to premium financial products. To qualify for better interest rates and favourable terms, focus on improving your score above 700 by practising disciplined financial behaviour, such as timely repayments and low credit utilisation.

Is 667 credit score bad?
A 667 credit score is not bad but is below the preferred "good" range. It suggests moderate credit risk, which could lead to higher interest rates and restricted credit options. By paying bills on time, maintaining a balanced credit mix, and reducing credit utilisation, you can improve your score and gain better financial opportunities.

Can I get a 667 credit card with?
Yes, you can get a credit card with a 667 score, but your choices may be limited to basic cards with fewer perks. To access premium cards with higher credit limits and better benefits, work on improving your score above 750 by managing credit responsibly and avoiding late payments.

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