CIBIL Score Update: Nowadays, a CIBIL score is also being asked for jobs in banks. For a good bank job, a good CIBIL score is given importance. In the case of taking a loan, CIBIL score (cibil score news) has already played a role.

In such a situation, if it is bad, then it is natural to have trouble. Many people also have a question in their mind that once it is spoiled, how many days does it take to get fixed? How much will you have to wait while making extra efforts to improve it? Let us know about this in detail.

This is how the CIBIL score gets spoiled-

There are many reasons for the CIBIL score getting spoiled. Mainly, after taking a loan, the CIBIL score gets spoiled if its installment is not paid (cibil Score khrab hone ke karn). Becoming a loan guarantor of a person who defaults on the loan. In such a situation also your CIBIL score (good and bad cibil score) will also be affected. Not paying the credit card bill on time also spoils it.

CIBIL score improves in 2 years-

If you pay your credit card bills and loan EMIs on time, then the CIBIL score improves in at least 2 years. However, it can be improved quickly through a secure credit card, but for this, it is necessary to have an FD.

CIBIL score does not improve instantly-

Do not think that you will be able to improve the CIBIL score damaged by loan default by paying the full amount; even after this, it takes a lot of time. For this, along with being patient, you will have to pay credit card bills and loan EMIs on time.

CIBIL score comes under the radar of every bank-

Many people think that other banks will not know about CIBIL score, i.e., credit score (how to improve cibil score). Thinking this, they go to another bank to take a loan. There they come to know that it cannot be hidden. Secondly, the bank finds out your CIBIL score in a jiffy. The CIBIL score data is available to every bank and finance agency online. If the CIBIL score is low, you do not get a loan. Even if you get it, it is available at expensive interest rates.

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