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A Deep Dive into Your Credit History: What Lenders Look for in Your CIBIL Report

The CIBIL report offers a comprehensive overview of an individual's credit history and credit score, reflecting their past and current borrowing and repayment habits. It is an essential tool for lenders and financial institutions to evaluate an individual's creditworthiness and repayment capacity before granting a loan. To check your CIBIL score visit https://www.bajajfinserv.in/check-free-cibil-score<br>

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A Deep Dive into Your Credit History: What Lenders Look for in Your CIBIL Report

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  1. Four Most Important Sections In The Cibil Report

  2. A CIBIL report is a credit report generated by the Credit Information Bureau (India) Limited (CIBIL), which is a credit information company. It provides a summary of an individual's credit history and credit score based on their past and current borrowing and repayment behavior. Lenders and financial institutions use CIBIL reports to assess an individual's creditworthiness and ability to repay loans. In this presentation we’ll discuss four most important sections in the CIBIL report.

  3. Credit Summary This segment provides information on your current and past credit accounts, including the type of accounts, such as revolving or installment accounts, and real estate accounts. The section also details the outstanding balance, credit limit, and payment history.

  4. Account History This section gives an overview of all your credit accounts, including the account number, date of account opening, credit amount, and repayment history. It also contains the most recent payment made and the current balance of each account.

  5. Public Records The public records section lists any significant financial irregularities, such as bankruptcy filings or criminal charges. This section is critical as it reflects your creditworthiness and financial stability.

  6. Credit Inquiries This section records every instance where a third party has accessed your credit report in the past two years. The section includes inquiries made by lenders or financial institutions for credit card or loan applications. It is important to note that multiple inquiries in a short period may have a negative impact on your credit score.

  7. Contact Us 020 7157-6064 INVESTORS@BAJAJFINSERV.IN BAJAJFINSERV.IN

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