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Tag: CIBIL scores

Does a Bounced Check Affect Your CIBIL Score? Here’s the Truth

Does a Bounced Check Affect Your CIBIL Score? Here’s the Truth

Bounced Check Affect Your CIBIL Score: In our day-to-day financial transactions, we often use cheques to make payments, especially when cash is not available. But what happens when a cheque bounces? Many believe that a bounced cheque can harm your CIBIL score, but is it true? Let’s break it down. Bounced Check Affect Your CIBIL […]

Why Should You Regularly Check Your CIBIL Score?

Why Should You Regularly Check Your CIBIL Score?

Check Your CIBIL Score: CIBIL score plays a vital role in shaping your financial profile. It reflects how responsibly you manage your credit, whether it’s credit cards or loans. A good CIBIL score opens doors to loans at lower interest rates. But how do you maintain a good score? One important step is regularly monitoring […]

New Digital Lending System in India: No More CIBIL Checks for Loans?

New Digital Lending System in India: No More CIBIL Checks for Loans?

0New Digital Lending System in India: A new credit initiative called the Unified Lending Interface (ULI) aims to transform how lenders process loans in India.Currently, the traditional method of checking CIBIL scores is the primary way financial institutions assess an applicant’s creditworthiness. However, with the introduction of ULI, this process could soon change, allowing for […]

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