by Credit Success Financial Services | Dec 15, 2023 | CIBIL
Beyond the well-known aspects of CIBIL scores, there are some interesting tidbits you might not have heard about: Not just for loans: While CIBIL scores are primarily used for loan applications, they can also influence other financial products like insurance premiums,...
by Credit Success Financial Services | Dec 15, 2023 | CIBIL
Contributing Factors: Payment History (35%): The most crucial factor, reflecting your track record of making timely payments on credit accounts. Delayed or missed payments significantly impact your score. Credit Utilization (25%): This refers to the percentage of your...
by Credit Success Financial Services | Dec 15, 2023 | CIBIL
Credit history: Refers to your entire track record of borrowing and repaying debts. This includes loans, credit cards, overdrafts, and other credit facilities Your credit history encompasses details like: Types of credit accounts you have used Credit limits or loan...
by Credit Success Financial Services | Dec 15, 2023 | CIBIL
Understanding your CIBIL report might seem complex at first glance, but with guidance, it can be quite straightforward! Here’s a breakdown of what you’ll find and how to interpret it: 1. Personal Information: This section includes your name, PAN number,...
by Credit Success Financial Services | Dec 15, 2023 | CIBIL
The full form of CIBIL score is Credit Information Bureau (India) Limited score. CIBIL is indeed the most popular credit information company (CIC) in India, with the other three major players being Experian, Equifax, and High Mark. All four of these companies are...
by Credit Success Financial Services | Dec 1, 2023 | CIBIL, Personal Loan
How does taking a Personal Loan affect your credit score: ⇒The credit score of borrowers is now a crucial factor considered by lenders when deciding whether to approve a loan application. As a result, a lot of people are increasingly looking for strategies to increase...
