Business
If one were to look for an individual's financial report card, as it were, one of the seminal factors which need to be reviewed is his credit history.
Credit history, includes but is not limited to, details of loans taken by an individual, in addition to his credit cards, which reveal his track record of payments. It is here that CIBIL score plays a pivotal role in that it is one of the important parameters to gauge your ability to repay a loan or ascertain your creditworthiness.
Click on the link to know more about the FAQ on the credit score in india:https://kirtibhargav.substack.com/p/faq-on-the-credit-score-in-india
What's CIBIL all about?
Founded in 2000, the Credit Information Bureau of India Limited (CIBIL) collects a record of an individual's loans and credit cards. CIBIL, which is ISO 27001:2005 certified, is divided into two divisions, namely, consumer bureau and commercial bureau. The consumer bureau (launched in 2004) has over 260 million records while the commercial bureau (launched in 2006) has over 12 million records. TransUnion International and Dun and Bradstreet are CIBIL's technical partners.