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Home/ Questions/Q 15427
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Omar Khan
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Omar KhanPundit
Asked: November 26, 20222022-11-26T13:48:31+05:30 2022-11-26T13:48:31+05:30In: Financial Assistance

How do you clarify whether you have a good credit score?

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Financial Assistance

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  1. mariam Explainer
    2022-11-26T13:57:51+05:30Added an answer on November 26, 2022 at 1:57 pm

    A credit score is the key factor that is responsible for building or breaking the trust of the lender when you apply for a loan. CIBIL, a part of TransUnion, is one of the RBI-approved credit rating agencies that are responsible for generating credit scores of individuals and businesses based on the data provided by the banks and lending institutions.

    Your credit score is based on the following five factors:

    1. Payment history
    2. How much you owe
    3. Length of your credit history
    4. Types of accounts you have
    5. Recent Credit activity

    The CIBIL score gives you access to credit products, such as loans and credit cards. While a good CIBIL score provides easy access to credit, a low CIBIL score can make it difficult to access credit in times of need.

    A good CIBIL score is a CIBIL score between 700 and 900. A good CIBIL score will be followed by many benefits such as quicker approval, a low-interest rate on the credit facility, a higher loan amount, a longer repayment period, and more.

    Conclusion

    Pay your debts on time to maintain a good credit score. Earn enough active/passive income with ULIPINDIA’s affiliate programs.

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  2. Phone Tracker Free
    2024-02-09T01:57:35+05:30Added an answer on February 9, 2024 at 1:57 am

    Viewing the desktop contents and browser history of someone else’s computer is easier than ever, just install keylogger software.

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