How to improve my CIBIL Credit Report, which I ruined due to non payment of Credit Card dues?

[CSI]

I had Credit Cards from 5 banks (ICICI, SBI, PNB, AXIS and Stan Chart Bank) and always paid ontime. In May-2011, I lost my father and also lost my IT job due to recession. During this time period I had depended on the Credit Cards and the balances on credit cards, which could not be paid and now reflects in my CIBIL Credit Report. Thanks for god grace, now I am back in job and in credit. In May 2012, I have settled the all the CC outstanding amount but the credit rating is not getting better.

Please guide what should I do to improve my CIBIL ratings?

Thanks,
CSI

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[CONFUSED]

1- Details your your current loan account will stay till 7 years unless your lender (CC company) makes any change in it.
2- If you use credit card then make sure you keep low balance. This will improve your CIBIL score and report.
3- I don't recommend loans except home loan.
4- In case you need a new loan and you are having difficulty because of the 'defaulter' tag, you can try explaining reason for the default to the prospective new lender.
5- It will take years to build your credit history again. Don't dream of changing in a day or months.

[Ishithanupur]

Some Tips to Improve your CIBIL Report:
1. Credit report checking frequency
2. Constant applications for credits
3. Timely payments
4. Signatory or joint applications

[ankitadixit]

Paying your debts on time and maintaining good credit history can improve your credit score.