Your financial profile and credit worthiness highly depend
on your credit score. A credit score is a 3-digit number that is assigned to
your profile after assessing your credit & debit history. This score ranges
from 300 to 900, where anything above 750 is termed as perfect. In India, you
may find many agencies who calculate or do credit scoring, but among all
TransUnion CIBIL is popular and reliable. Hence, a credit score is also
referred to as the CIBIL score.
CIBIL or credit score is
the first and foremost vital factor that is checked by every financial
institution whenever you apply for any kind of credit i.e. a loan or a credit
card. It allows the lender to assess your repayment capability. If your score
is low, then the chances of accessing the credit will get badly affected and
you might not get the same on your favorable terms & conditions or it might
get rejected too. Thus, it becomes essential that you know how you can improve
your credit score as this not only ensure that you get the required funds but
will also allow you to crack a better deal suiting your terms.
Read more at: https://www.yelonow.com/loan-with-bad-credit-score-in-yelo/
