If your cibil or credit score is low and you are worried about it, then this news is very useful for you. In today’s digital era, Artificial Intelligence i.e. AI is making work easier in every field, and now AI can prove to be helpful in this financial problem. Let’s understand how AI tools like Chatgpt can help improve your score by suggesting on the basis of your credit profile.
What is credit score and why is it necessary?
Credit score is a number that shows how you have paid your previous loan and credit card. This score is usually between 300 and 900. If your score is 750 or above, then banks and financial companies give you a loan and credit card easily, but if the score is low, such as 600-650 then there may be difficulty in getting a loan.
AI tools are different from general advice
Most people know that it is necessary to pay the bill on time, keep credit use less than 30% and do not apply for repeated loans. But despite doing all this many times, the score does not improve. In such a situation, it is necessary to know what is the real problem in your case and the same work AI tools.
How do AI tools help?
AI tools like Chatgpt ask you some important questions to understand your situation like your income, expenditure, old default, mistakes filed in credit report etc. After this AI analyzes your answers and recognizes what can be the reason for the score. Then it gives you a custom plan, that is, a strategy that is made only for you. After this you can follow the plan mentioned by AI tool or can rectify the mistakes that are not easily caught and it helps to improve the credit score.