Your CIBIL score plays a crucial role in determining your financial credibility. Lenders check this score before approving loans or credit cards. Fortunately, you can perform a CIBIL score check online free to know where you stand. However, understanding the report is just as important as checking your score. Here are five essential tips to interpret your CIBIL report accurately.
1. Understand the Meaning of Your CIBIL Score
When you perform a CIBIL score check online free, you will receive a three-digit score ranging from 300 to 900. The higher the score, the better your creditworthiness. Here’s how to interpret it:
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