What is a credit score? Your credit score is a three-digit representation of your creditworthiness. It’s a numerical summary derived from your past credit history and financial information. A higher score signifies greater creditworthiness, making you more likely to secure…
Personal loans offer convenient access to funds for various needs, but their impact on your CIBIL score can be a concern. Let’s delve into the potential positive and negative effects of personal loans on your credit health: Potential Negative Effects:…
While a bounced cheque can be a hassle and come with its own set of consequences, it does not directly impact your CIBIL score. CIBIL scores are primarily based on your loan repayment history and other credit-related activities, such as…
