How Credit Card Default impacts CIBIL Score?
Cibil score is the primary thing a borrower should be concerned about. It judges your entire financial worthiness. It does not even spare a single due at any point, not even dues on credit card. So one should be super cautious about this.
The CIBIL score ranges from 300 to 900 with the 300 score being rated for the riskiest borrower and 900 going for the borrower with best credit history.The credit card bills and loan EMIs should always be paid timely and without delay timely. Since repayment history is one of the major factors affecting your score, timely repayments will translate to a high credit score.
The article on cibil check made me inform so much more about cibil scores. This article proved to be very informative and beneficial to me and if you are a fellow borrower you should definitely give this article a read.
