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      How to Improve Your CIBIL Credit Score?

      Friday, September 22nd, 2017 Amritesh one response

      Credit Report is a very informative data used to evaluate loan and credit card application, as it provides detailed record of one’s Credit history (Loans, Credit Card Dues, Repayment, etc) and helps lenders to determine the Credit worthiness of an applicant. Earlier, it was a parameter considered only when an Individual used to apply for a new credit card or loans. But now some Companies are asking for the Credit Report even while offering jobs. Therefore, it has become very important to have a Good Credit Score as the implications are high. CIBIL TransUnion Score is a Credit Score given to individuals based on their past financial records. Credit Score is entirely based on the Credit Report prepared from data…

      Importance of Credit Report: How to Know Your Credit Score For Free?

      Thursday, September 21st, 2017 Amritesh no responses

      Credit Report has gained importance over the years with the Financial Institution being very particular about credit worthiness of the applicants for Loans or Credit cards. Credit Report provides the complete information on Individual’s credit history along with details of his/her past financial transactions. This report helps the Lenders to decide on the Credit Worthiness of the application made for loans and even credit cards. The quantum of Loan or the Credit Card limit is determined by the Credit Score of an Individual. Credit Information Bureau India Limited (CIBIL) What is Credit Score/Report issued by Credit Reporting Agencies? Credit Report is the detailed record of an Individual’s Credit History based on it the Credit Score is generated. Credit Bureaus or…

      Credit Information Bureau India Limited (CIBIL)

      Monday, September 11th, 2017 Amritesh 3 responses

      Credit Information Report (CIR) has become very important in the recent past largely due to defaults on payments made by the borrowers, leading to huge losses suffered by Banks and other Financial Institutions. It is being observed that Banking institution are under stress as Non Performing Assets (NPA’s) continue to rise. This has lead to lending institution being very stringent with their norms for granting loans. Credit Information Bureau India Limited (CIBIL) now known as TRANSUNION CIBIL Limited, maintains and provides record of the past financial transactions and credit history of an Individual or Firm which helps the Banks and Non Banking Financial Companies (NBFC) to decide on their  respective loans and credit card applications. Credit Information Bureau India Limited…