Learning Hub        Contact us        Call:  +91 70661 55000

Facebook Whatsapp Twitter Youtube Linkedin Instagram Telegram Hm-play-store
Login/ Signup

Call us:
+91 70661 55000

Contact us

Learning hub

Login/sign up

Edit Content
Edit Template

CREDIT REPORT

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

CREDIT REPORT

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

A Credit Report Popularly known as CIBIL report, is a detailed record of an individual's credit history.
CIBIL (Credit Information Bureau India Limited) is one of the leading credit bureaus in India that collects and maintains credit information of individuals and businesses. The CIBIL report is widely used by lenders to assess the creditworthiness of borrowers before approving loans or credit facilities.

Why CIBIL report is important

Key Pointers

Credit Information

The CIBIL report contains information about the individual’s credit accounts, including loans, credit cards, and other credit facilities.

Credit Utilization

The CIBIL report indicates the individual’s credit utilization, which is the ratio of the credit used to the available credit limit. High credit utilization can be seen as a sign of credit dependency and may negatively impact the credit score.

Public Records

The CIBIL report may contain information about any legal or financial judgments, defaults, or bankruptcies, if applicable. These records can significantly impact the creditworthiness of an individual.

Credit Score

The CIBIL report provides a credit score, also known as the CIBIL score, which is a three-digit numeric representation of the individual’s creditworthiness. The credit score ranges from 300 to 900, with a higher score indicating better creditworthiness.

Payment History

The CIBIL report reflects the individual’s payment history, including the timeliness of loan or credit card payments. It shows whether payments were made on time, delayed, or defaulted

Credit Score

A credit score is a numerical representation of an individual's creditworthiness and is used by lenders to evaluate the risk of lending money to them. It is calculated based on factors such as payment history, credit utilization, length of credit history, types of credit used, and recent credit inquiries.

Credit scores typically range from 300 to 850, although the specific range may vary depending on the scoring model used. A higher credit score indicates a lower credit risk and better creditworthiness.

Contact us

Important Links

Tools

All Rights Reserved © Suretax

Book a free conultation