If you have never taken a loan before, you can build your credit score in 12 to 18 months.
If your credit score dropped, you can repair it in four to twelve months.
To increase your credit score you can use personal loans or credit cards.
With a personal loan, you can pay back higher interest loans, hence, increasing your credit score.
For example, credit cards have double the interest rate of personal loans and can be paid off with a personal loan.
But take caution while getting a personal loan.
Do not apply for multiple loans together.
Review the loan amount and agreement carefully.
Pay your EMIs on time and do not foreclose your loans.
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