(CIBIL) Credit Information Bureau India Limited and it is called as CIC (Credit Information Company). It plays a major role in processing loan in any banks. Their job is to provide information’s to lenders who are giving credit to the consumers or business people based on your score, history report. It shows everything about a consumer previous history, loans taken and transactions etc. This is very useful for a person who wants to go head with a loan from bank, first you have to check with your score and that should be greater than 750.
Now that you have read all this, you must also be wondering how to increase your CIBIL rating and eligibility. Here are some tips to improve your score:
A very important thing you should always remember to ensure your bank deposits or payments within given period without fail. It shows positive impact on your report.
Plan a budget for your family so that you are eligible to take a loan. It should not be like your case gets rejected after the processing.
Keep in your mind, CIBIL score may affect when your cheques are bounced at bank payments for existing loan.
Try to make full payments of any cards or loans, never go with settling loans paying minimum balance that will affect your score. Surely it reflects on score as negative impression, so preferable go to bank if really need of debt.
Do not unnecessarily keep on applying for cards and loans and overburden yourself. Only apply for any financial facility when you actually need one.
For any further queries and information
Please contact customer care they will help you.
Online Form Fill here – visit www.cibil.com, fill all the fields and send online request to know your sore.
Payment Mode – You can make a payment of Rs.450/- through Cash, Debit Card, Credit Card Net banking etc.
Verification – Simple 3 Questions about your past credit balance and transactions.
Based on applicant details and information provided in application, an e-mail will go to applicant inbox mentioning CIBIL Trans-Union score and report.