7 Factors that Affect Your Current CIBIL Score
Almost every financial institution checks the current CIBIL score of an applicant before sanctioning any loan or credit card application. This credit score shows the creditworthiness and financial behaviour of an applicant.
In this regard, one should know that several factors affect the CIBIL score. Continue reading this article to know these factors and their effect on credit scores.
Important factors that affect credit score
In this section, we are going to see the top 7 factors that affect the CIBIL score:
Applicant’s financial behaviour
Payment history takes account for around 30% of the total CIBIL score. Hence, one should ensure to repay all the credit card bills and monthly instalments on time each month.
According to a report, a del...