New Delhi, Nov. 13 -- Improving your credit score requires more than simply clearing your pending debt. This is because how an individual manages credit card balances, existing loans, and their overall credit score can eventually influence their credit profile.

Now, it is a given that clearing credit card dues can reflect more quickly in an individual's credit score; bringing down your outstanding loans can also go a long way to boost your repayment capacity. Improving a credit score is gradual and can take time on a case-by-case basis.

As a result, a straightforward question arises: which form of debt repayment should a borrower prioritise to improve their credit score?

Raj P. Narayanam, Founder & Executive Chairman, Zaggle, explained...