Credit score: The road to recovery of your CIBIL score is a long one
A good credit score is an imperative in today’s context to get any kind of credit line. A CIBIL score of 750 and above is considered good out of 900.
A good credit score is an imperative in today’s context to get any kind of credit line. A CIBIL score of 750 and above is considered good out of 900. However, if your CIBIL score has dropped below this level, it is likely that the top of the line lenders will either deny your credit application or approve your loan with a high rate of interest. In order to access loans at competitive rates of interest and to get your loan or credit card application approved in a hassle free manner, you must improve your CIBIL score.
You must however keep in mind that CIBIL scores cannot be improved in a haste. Depending upon the extant of your problem area your CIBIL score will take at least a year or a year and half. It takes a significant amount of effort to bring back your CIBIL score to a satisfactory level and for any lender to consider a loan or a credit card application. Here are the things you need to do to improve your CIBIL score and get a fresh credit line.
- Budget passed in Lok Sabha without discussion; Finance bill, Appropriation bill passed by voice vote
- Assam Budget proposes new schemes for women, education sector
- Assam Finance Minister to present first e-Budget tomorrow
- No fresh tax in Rs 41,440 cr Himachal budget for 2018-19
- Andhra Pradesh Budget 2018: YSR Congress to boycott session starting tomorrow
- Budget 2018: Opposition set to corner government in Parliament on financial scams
- Budget 2018: UPA’s and NDA’s starkly differing priorities
- Why universities need better budgetary support
- Budget 2018: Madhya Pradesh Assembly’s financial session to begin tomorrow