Category Archives: Cibil Score

FAQ about Cibil rating

Cibil rating is one of the most important criteria used by banks and financial institutions to evaluate credit applications of the borrowers. Question must have come in your mind that what is cibil score? It is provided by CIBIL ( … Continue reading

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How to read and interpret about cibil score?

CIBIL is the most popular credit rating agency in India. It stands for credit information bureau of India limited. Cibil carefully collects information from different lenders regarding loans and other advances and prepare a credit information report (CIR) and performs … Continue reading

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Is getting higher credit limit good for your cibil score range?

Credit cards come with a limit attached to them. This limit is very crucial from consumer’s point of view. Most of the individuals are more than willing to increase their credit limit given a chance. Banks calculate your credit limit … Continue reading

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Impact of foreclosure on CIBIL score

Repayment of loan is one of the most troubling activity for a loan borrower. Initially, borrowers are excited to take a loan from a bank as it increases their bank balance enormously. Good score in India is one of the … Continue reading

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Resolution of Cibil score disputes

Your cibil score is one of the most important criteria used by banks for your loan appraisal. Cibil score is a 3 digit score that varies between 300 and 900. It is a score that showcase your behavior towards past … Continue reading

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How to maintain a good cibil score range?

Maintaining a good cibil score range is on top of the mind of every borrower. Developing a good cibil score will take time, patience and good repayment habits from the borrower’s side. Cibil score is the industry standard for lending industry. … Continue reading

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Tips to Manage Credit Utilisation Rate to improve the cibil score

  Q1. What is the credit utilisation rate? Credit Utilisation Rate or Credit Utilisation Ratio is simply the percentage of a borrower’s available credit that he or she has exhausted. It is deeply correlated to cibil score. Q2. How is … Continue reading

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Things to do for correcting your cibil score

  Q1. Can an individual raise a dispute in his credit report ? Ans. Yes if a borrower finds any discrepancies in the credit report, he can reach out to the concerned bureau for having it corrected. This would help … Continue reading

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Loan Options for bad cibil score

Q1. What is considered a cheap credit score? Ans.  A score which is less than 650 is considered a bad cibil score. Q2. What is the approximate cibil score for Financial institutions to consider loan application? Ans. Usually, Financial institutions … Continue reading

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How to improve your cibil score as a fresher?

    Q1. Why is it important to improve your cibil score? Ans. A good credit rating widens your financing options and you could avail loans effortlessly. This will help you to reach your financial goals swiftly as the hindrances … Continue reading

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