You must have heard the term ‘Credit Score’, before! But, are you aware of the term in detail and how is it helpful to you. What are the different factors, involved in the determination of CIBIL and who calculates it and other important factors are associated with CIBIL. The DealsofLoan brings the detailed information on CIBIL and help in the analysis of CIBIL.
Know the term ‘CIBIL’
Credit score or CIBIL is an acronym for Credit Information Bureau (India) Limited. Established in the year 2000, this CIBIL is a three digit number, which is an indicative of a person’s credibility. The CIBIL is an indicative number, which determines the credit behavior of a person and thus can be considered as the marking system by the financial institutions as given to you. The more is the score, the better it is for your credibility.continue reading →