What is the Difference Between CIBIL Score and CIBIL Report?
Terms like credit score, CIBIL score, and credit report can be very confusing for loan applicants. Check out this post to know what these terms are and how are they different from one another.Banks now lay a major emphasis on the credit history of a loan applicant. They prefer lending money to borrowers with a decent credit history in order to minimize the risk of default. Banks use the ‘credit score’ of an applicant in order to decide whether or not he/she is a responsible borrower. You will come across many different terms on the internet such as CIBIL score, credit report, etc. How are these terms differ from one another? Let us have a detailed look at these terms to understand the differences. Click on this link to know more about Cibil score: https://www.apsense.com/article/what-is-the-difference-between-credit-score-and-cibil-score.html
