A Cibil Score is a three-digit number. An average between 700-900 is considered to be good. The cibil score can be stated as a financial report of the person. The users are full of flexibility to get access to their reports manually through an online medium. Credit Information Bureau (India) Limited CIBIL. The official site …
Category Archives: Credit score
The role of credit score while securing Personal Loan
The banks, lending institutions, all of them follow criteria. This is called as the credit score. The credit score defines the potential of the borrower. Therefore maintaining a good score is a must. The banks also evaluate and judge and select the prospect. Banks can’t work blindly; that is why they need to undergo a …
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Co-relation between Credit Score and Credit Report
Let us look at the distinction between the Credit Report and Credit Score : The cibil report is a comprehensive analysis of the entire credit history, including the total number of loans, EMI’s, employment details, etc. On the other hand, a credit score is a three-digit number that reflects the credit taking capacity of the …
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Relation between gold loan and credit score
Out of the different investment opportunities. Gold Loan is the most sorted after option. Savings alone are enough; that is the reason we drive ourselves to take a loan. The role of the credit score is very definitive and robust in terms of carrying a loan. The investors should word towards mainspring a score of …
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Keep a check on your Credit Score
Let us look at the some of the points which we must keep in mind while regulating our credit score. A regular credit score check is must. : Default in terms of Repayment : The credit score can be damaged in case of no -clearance of your liabilities. Multiple inquiries made at one time can …
Few pointers to improve your credit score
There is always a scope of improvement. Improving credit score can be done. Here are the steps : Clearing the credit card balance is must The credit utilization is calculated while performing all the transactions. Therefore, having accurate balance is important Clear all your debts on time. Plan and pay all your bills strategically Divide …
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Importance of Credit Report
The credit report plays a vital role at the time of availing a loan. ALongside credit card details, documents, and other bank details, a credit report plays a vital role. Let us look at the following points Payment: Timely payment, late payment, or irregular payment? All of these can have a positive and negative impact …
Key Check List about Credit Score
CIBIL score is the most commonly used factor by Banks and NBFCs to check your eligibility for a loan. Based on the cibil check, the bank will decide whether to give you a loan and related settlements. Thus it is imperative to have a good credit score. It is indeed hard to bring up the CIBIL …
Learn to maintain a good level of financial record
We all know how important is the donation of a credit score.. We must adhere to some factors to keep our credit score in check and order. Also, it is really very easy to conduct a free cibil score check. Firstly, no past payments should be lined up. Apply a zero debt policy Secondly, Don’t …
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Delay in Payment : Will it effect my Credit Score ?
Let us look at our general lives. We cant easily trust someone. Also, before hiring someone, proper verification of the prospect is done.Same is the case while applying for a loan. Therefore, check cibil score regularly. Why will a lender give you a loan?Correctly, they also evaluate the person based on his credit report and …
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Credit score 