NEWS & ADVICE : CREDIT CARDS
A Good credit score imperative for your financial health
By Ankit Sharma
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CIBIL Credit score

In India, Credit information bureau of India ltd, better known as CIBIL, maintains a track record of all loans and credit cards that a customer has of its member banks and financial institutions. It allots credit scores to customers based on this information. Apart from lower interest rate, good credit score bestow upon the customer many benefits such as faster loan disbursal, waiver in processing fee etc.

CIBIL's credit score is a three-digit code. It ranges between 100-900.This score is further divided into three categories: High, good and low. A credit score ranging 751-900 is considered to be high. When a customer has been prompt in making all his payments, there is no amount overdue in any of the loan accounts and there has been no bounce or settlement in the closed accounts too, his CIBIL score would be high. Anything between 700 and 750 is high and the rating is good. If it is less than 700 and greater than 500, it is considered average and very low for 500 and below.

FICO score developed by FICO (Fair Isaac Corporation) is the most widely used credit score in America. The FICO credit score ranges between 300 and 850. Sweden, too, has a credit score system. It has only two categories good and bad. Likewise, several other countries have their own credit scoring systems.

Ways to improve your credit score

Make sure that the information contained in your credit report is accurate. Credit information companies (Regulation) Act (CICRA) gives you the right to dispute your credit report errors. In case of any error, you can take up the matter with the concerned credit bureau and the organization that has provided incorrect information to the bureau. If there are is no error and you feel that your credit score is low, you can improve by taking care of the following things.


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(Comments Posted : 3) Post Your Comments
1. Welcome to Thomas Credit Firm, I am an international business man and Lender that has offered Loans to so various individual and firms in Europe, Asia, Africa and other parts of the world. We give out our Loan for a interest rate of 2% per annul for a minimum of 100.00 to a maximum of 100,000,000.00 rubles, dollars, pounds, euros, etc. The maximum loan term we can offer is 30 Years at fixed interest rate.
Available Loans
* Personal Loans (Secure and Unsecured)
* Business Loans (Secure and Unsecured)
* Combination Loan (Secure and unsecured)
* Consolidation Loan (Secure and unsecured)
* Mortgage Loans (Secure and unsecured)

Interested candidates should please contact us today for your online quick and easy loan without collateral deposits. Email: thomascreditfirm@gmail.com

Sincerely,
Thomas Dawson (Posted: Jul 9, 2015)
2. My application was rejected. Credit Sudhaar was my choice. Initially they were slow. But their counsellors were able to handle all my queries. I will give Credit Sudhaar a positive review.
Raj Kumar (Posted: Nov 7, 2013)
3. nice information and helpful to know about credit ratings.
s k yadav (Posted: Apr 7, 2012)
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