CIBIL score is an important factor that is considered by lenders at the time of offering you a loan or credit card. The credit score is determined based on factors like payment history, credit types, number of loan accounts, opening and outstanding loan amount, and length of your credit history. Read here in detail what is CIBIL Score and why it is important.
Source: https://medium.com/@mohit-saxena/what-is-cibil-score-why-it-is-important-e8ad4d05ec00
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