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What is CIBIL Score
A CIBIL Score is a three-digit outline of your credit health. It is also known as credit score. CIBIL or Credit Information Bureau Limited measures debtor credit scores. That means it will give you information about your credit history and how you have coped with your finances like your personal loans, home loans, automobile loans, etc.
Calculate of CIBIL Score:
CIBIL Score ranks between 300 and 900.
Excellent CIBIL Score: 750-900.
Good CIBIL Score: 650-750.
Average CIBIL Score: 550-650.
Poor CIBIL Score: 300-500.
How To Measure the CIBIL Score:
1.CIBIL Score is measured based on the history of the credit card established from the CIBIL Report.
2.That accounts for the previous 36 months’ worth of debtors’ credit histories.
3. This credit record of an individual includes all of the loans they have taken out, including credit cards, personal loans, vehicle debts, bank overdrafts, and housing loans, as well as their monthly payments.
How To Examine the CIBIL Score:
1.Search and open the official website of CIBIL Score.
2.Select the ‘Get your CIBIL Score’ on the website.
3.Enter your name, email ID, and password, and fix an ID proof such as an Aadhaar card, voter ID or PAN card, or passport.
4.Press on the ‘Accept and Continue’.
5.Then an OTP will be sent to your mobile phone.
6.Enter the OTP then click on “Continue”.
7.After that go to the dashboard and examine your CIBIL Score.
8.Next you will receive a report of your CIBIL Score after the verification has been done successfully.