Financial Source

What is Credit Score and how is it Calculated?

June 2, 2024 by Financial Source

A credit score is a three-digit number that represents an individual’s creditworthiness. It is based on one’s credit history and other financial behavior. Your CIBIL score is used by lenders and credit card companies to determine your creditworthiness and can impact your ability to get a loan or credit card, as well as the interest … Read more

How to Improve your CIBIL Score

June 2, 2024 by Financial Source

The Credit Information Bureau (India) Limited, also known as CIBIL, is a source of credit data. Its members are Indian banks and companies that issue credit cards. These members provide CIBIL with the account information of their loan and credit card customers. The bureau creates a 3-digit numeric summary of an individual’s credit history using … Read more