Earlier this year, it was reported that a man didn’t get hired because of his poor CIBIL score. Another person was about to get married, but when the bride’s uncle checked his CIBIL score, the uncle decided to call off the wedding. Today, your CIBIL score isn’t just a number, it’s your financial reputation.
Still, many Indians aren’t aware of what their CIBIL scores are. A YouGov and CRED survey of over 5000 Tier 1 city respondents with at least one credit card found that 40% of surveyors were unaware of their credit score. 30% of them admitted to inadequate credit management knowledge.
In the latest episode of The Signal Daily, we’ll learn about what CIBIL scores are. How can you check it and what are the best practices for maintaining a good CIBIL score?
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