Credit counselling entails a number of sessions where you receive guidance on managing your finances, creating a budget, and developing strategies to repay debt. Putting this advice in practice can lead to better financial habits, which may eventually improve your credit score.
There are numerous ways to improve your credit score quickly: paying off your existing debt, paying credit card bills on time, maintaining good credit mix and reducing credit utilisation.
Let us suppose the joint account is managed responsibly, wherein timely payments are made. It would have a positive impact on the CIBIL scores of all account holders.
There are different versions of credit scores used by various bureaus and lenders. Each bureau may use its own scoring model or variation of a scoring model, resulting in some discrepancies in the score ranges.