CIBIL is one of the most licensed credit specialists in India. It keeps up the records comprising of credit-related data of firms and people, including their loans and credit. In general, every bank and financial institutes use this report and CIBIL score while approving any loan. CIBIL score is a three-digit numeric diagram portraying a person’s record of credit reimbursement.
A CIBIL Report comprises an individual’s credit history over a predefined period. The CIBIL score is a three-digit number decided based on this report. Hence, it’s predominantly essential to maintain a healthy CIBIL score.