668 CIBIL Score

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

668 CIBIL Score: Is it Good or Bad?

A 668 CIBIL score is considered average, reflecting moderate creditworthiness. While it is not a poor score, it is below the "good" range, which typically starts at 700. With this score, you may qualify for loans or credit cards, but the terms may include higher interest rates and stricter conditions. This score indicates that lenders might view you as a moderate-risk borrower. To improve your financial opportunities and access better credit products, focus on raising your score above 700. Responsible credit practices, such as timely payments and maintaining a low credit utilisation ratio, can help achieve this goal.

How to improve your 668 CIBIL Score?

Improving a 668 CIBIL score requires disciplined financial habits. Ensure timely repayment of all EMIs and credit card dues, as late payments negatively affect your score. Keep your credit utilisation ratio below 30% to show responsible borrowing. Avoid multiple credit applications, as they can result in hard inquiries and reduce your score. Regularly monitor your CIBIL report for errors and have them corrected promptly. Building a mix of secured and unsecured credit can also strengthen your profile. By adhering to these practices consistently, you can steadily improve your score, surpassing 700 and gaining access to better financial products and terms.

How does a 668 CIBIL Score impact interest rates?

A 668 CIBIL score often leads to higher interest rates, as lenders view it as a moderate-risk score. While you may still qualify for credit, the borrowing terms may include higher EMIs and stricter repayment conditions. Improving your score above 750 can help you secure lower interest rates and better loan or credit card terms. Practising good financial habits, such as paying dues on time and maintaining a low credit utilisation ratio, can significantly improve your score. A higher CIBIL score demonstrates reliability, allowing lenders to offer you competitive interest rates and better financial opportunities.

Frequently asked questions

Is 668 CIBIL score good?
A 668 CIBIL score is average but not good. It indicates moderate creditworthiness, which can result in less favourable loan or credit card terms. To access better products and lower interest rates, focus on improving your score above 700 through timely payments and disciplined credit management.

Is 668 credit score bad?
A 668 credit score is not bad but falls below the preferred "good" range. It suggests moderate credit risk, which can limit your financial options. By practising timely payments, maintaining low credit utilisation, and managing your credit responsibly, you can improve your score and qualify for better financial terms.

Can I get a 668 credit card with?
Yes, you can get a credit card with a 668 score, but your options may be limited to basic cards with fewer rewards. Premium cards often require a score above 750. Focus on improving your score through disciplined financial behaviour to access better credit card options in the future.

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