Who gives accurate CIBIL score?

TransUnion CIBIL
TransUnion CIBIL is one of four credit rating agencies in India. Other bureaus include Experian, CRIF High Mark and Equifax.

Which credit score is shown by BankBazaar?

CIBIL Score: A CIBIL score is a 3-digit number that falls in the range of 300-900. It is calculated by the CIBIL credit bureau after taking into consideration factors such as credit history and repayment behavior.

Is BankBazaar safe Quora?

Yes it’s a secure platform to apply for a credit cards.. They are having tie-up with different banks and you can compare services and features of the different banks on this portal.. It a very useful portal for applying different loans and cards…

What do banks use CIBIL scores for?

Banks also use CIBIL score to gauge your diligence towards paying credit card bill.s Furthermore, banks use CIBIL scores to check the number of credit card and loan applications made by you. Bank oftentimes reject a loan or credit card application due to bad credit history.

What happens if you don’t pay your CIBIL score?

And if you delay payments or miss payments, it will reduce your score. Hence, such payment behaviour should be avoided to keep your score high. A CIBIL analysis reported by the Financial Express reveled that a 30-day delinquency can reduce your CIBIL score by 100 points.

How much does delinquency affect your CIBIL score?

A CIBIL analysis reported by the Financial Express reveled that a 30-day delinquency can reduce your CIBIL score by 100 points. Credit Exposure which is also known as the credit utilisaiton ratio is the second biggest factor that affects your CIBIL score.

How do I Check my CIBIL credit report?

You can access your Credit Information Report on the CIBIL website. You will be required to fill in some cursory details like your name, ID details, date of birth, contact details, phone numbers, etc. Post that you will be asked to make payment towards your CIR which will come to approximately Rs.470 (current charges are subject to change).