Having a good credit score can help you secure loans and credit cards with ease. Lenders prefer applicants with good credit score as they show positive track record of repayments. mirzapur shayari Following are some of the benefits of having a good credit score. This indicates that there is enough scope to educate Indians about credit score and its importance.
For that reason, mortgage and auto loan payments are often the most difficult to get caught up on. Try to avoid skipping payments altogether by planning ahead and living within your means. Having a credit score that is on the lower side could result in fewer loan offers and exorbitantly high-interest rates.
Borrowers to get compensation for delay in correction of credit report by credit information companies
When the credit score is below 700, Banks will reject your loan application because this score may show repetitious defaults and poor credit activities. Banks and other financial institutions that are registered with CIBIL provide the credit information about their respective borrowers. If you find an error in your credit report, you can use the Dispute Resolution Form to rectify it.
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