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7 Tips to Make your CIBIL Score Better

There are many types of loans that are lent by banks and other financial institutions. Out of them, all housing loans are the hardest to get because they involve a lot of money and the lenders scrutinize with a lot of factors before processing a loan. From the many factors involved in the process of loan application, the most important yet underrated one is the CIBIL score of the applicant. Even well-settled and well-earning applicants are straightforwardly rejected just because of a poor CIBIL score. Basically, a CIBIL score is a triple-digit value of the credit history of a person. This numeric summary is calculated using the history of credits across various other loans and credit based payments that the person has under his/her name. In this article, let us see how to improve that CIBIL scores for aiding a successful loan sanctioning process: Proper settlement of all the loans: The Credit Information Bureau India Limited or the CIBIL wants a former loan borrower to repo...