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* Thread on #CIBIL SCORE *

Since the thread on #CreditCards ,
(Link here for reference , )

Many DM'ed me asking about CIBIL score , so decided to write a small thread on it .
Disclaimer : This is MY opinion based on MY limited knowledge :)
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A CIBIL score is a consumer's credit score generated by a credit bureau on the basis of their algorithm. It basically evaluates the credit history based on reflection of repayment and credit profile & thereby determines the eligibility for a loan.
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3/10
So a good credit score (above 700 generally ) can help us get a loan easily at a relatively better rate of interest.

How? 🤔
It indicates you PLAN well for your financial needs & pay your debts on TIME. Basically " GOOD CREDIT WORTHINESS " .
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#InvestmentPointers
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