6 Signs That You Are Living Beyond Your Means
Saturday, 27 August 2011, 00:02 IST
By SiliconIndia
By SiliconIndia
Credit Score Below 600
CIBIL tracks your payment history regarding loan payment etc. They use this information to compile a credit score that reflects your credit worthiness. Your Score can range from a low of 300 to a high of 900. The higher the Score the more favourably it is viewed by Credit Institutions. Based on this score the lenders grant you a loan. If your credit score is below 600, you know what your financial situation is and that you are heading in the wrong direction.
CIBIL tracks your payment history regarding loan payment etc. They use this information to compile a credit score that reflects your credit worthiness. Your Score can range from a low of 300 to a high of 900. The higher the Score the more favourably it is viewed by Credit Institutions. Based on this score the lenders grant you a loan. If your credit score is below 600, you know what your financial situation is and that you are heading in the wrong direction.
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