A credit score helps to determine the level of creditworthiness of a person. Knowing your credit score is very beneficial for the lenders to determine whether you are eligible for a loan,...
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CIBIL is India’s credit rating agency. It monitors individuals and companies’ financial health by scoring them on a scale. The marks given on this scale determine and individual or company’s credit worthiness....
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CIBIL is a credit information agency in India. As the country’s first credit information company, it enjoys certain benefits. Firstly, it rates people on their credit worthiness. It holds a big sway...
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An individual’s credit score is his/her worth to a bank. The higher the worth, the easier it is for the person to take a loan. Not just that, the individual can take...
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Today, we will talk about how you can keep a good credit score. Before that, let’s do a recap of what is a credit score and what are its benefits. A credit score is...
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When you apply for a loan, the bank tells you the down payment you have to make. This down payment varies from individual to individual. Why? Because of each person’s credit score. You also...
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At some point of time, most of us need money to meet our requirements like for purchasing a home or a vehicle. The best and most secure place to get money is from...
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Are you planning to apply for a credit card or loan? Is you CIBIL score well sorted? Do you have a high credit score? The term CIBIL score/credit score may seem new...
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While applying for a credit card or loan, the first thing that is checked is your CIBIL score/credit score. People who apply for a loan are required to have a good credit score. Though, most...
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Equifax Credit Report, as name suggest is a Credit Report given by Equifax – India’s second credit information bureau. After CIBIL, now Equifax has also stated giving credit report and credit scores...
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Did you find inaccuracy in your CIBIL report? If yes, here we will discuss how you can get your CIBIL data corrected. Lets first see what kind of errors you can find...
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Before applying for loan it is recommended to every one to check there credit score. As it plays a vital role in the process of loan approval at almost all the financial...
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Your credit score is a very important factor in evaluating your financial performance. It is like your financial report card. It reflects your ability to handle your credits. Thus to get a...
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Credit rating estimates the credit worthiness of an individual, corporation or even a country. In other words a credit rating helps a lender or investor the probability of the subject (borrower) being...
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TransUnion CIBIL Limited previously known as Credit Information Bureau India Limited was established in 2000 and is India’s First Credit Information Company. It was established to bring higher transparency and efficiency in the credit space. CIBIL has two major points of focus namely the Commercial Bureau that deals with the records of institutions and companies, and the Consumer Bureau that deals with consumer credit scores. CIBIL does not make any lending decisions. It only provides a database to banks who filter loan applications with this efficient and quick resource. A few factors that impact CIBIL Score include the length of credit history, number of negative remarks, the percentage of timely payments, number of hard inquiries. CIBIL’s Credit report in an all-inclusive document that sights all details of a corporate’s or individual’s repayment record and borrowing history.
