credit score

CIBIL: What is credit mix and how does it impact your credit score?

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CIBIL: What is credit mix and how does it impact your credit score?

Credit mix refers to the variety of credit accounts you have on your credit report. These include car loans, credit cards, student loans, personal loans, among others.  Having a diverse mix of credit accounts shows to lenders that you can handle different types of credit in a responsible fashion. Impact on credit score Credit mix … Read more

How to check CIBIL score for free? A step-by-step guide

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How to check CIBIL score for free? A step-by-step guide

CIBIL score, which ranges from 300 to 900, signifies borrowers’ creditworthiness. Banks and other financial institutions use these scores as one of the factors to determine their eligibility for loans. It is, therefore, considered important to check the score which can help you monitor your financial health. One can check their CIBIL score on the … Read more