Your credit score signifies how eligible or creditworthy you are to get a loan or credit card from banks or NBFCs. If you have a credit score of 750 and above, then you shall be deemed as prospective customer for loans and credit cards from financial institution. Your CIBIL score can be between 300 and 900. But, if you are new to credit history, these scores have a different assessing system. Also your credit information is lot more essential than just securing credit cards or loan.
Apart from loans and credit cards, CIBIL score (if good, say more than 700) can help you get a new mobile plan and house on rent or home loan, easily. It is also a certificate in metaphor essence, for your economical status as to how reliable you are for repaying any type of credit taken.
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