credit score

1. WHAT IS YOUR CREDIT SCORE??
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2.  Do you want a bank loan??
 First check your credit score..
 Credit score is also known as CIBIL Score in
India
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3. Credit Information Bureau (India) Limited
Is the first credit information company in
India started in 2000
CIBIL
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4.  Collect the complete payment history of an
applicant
 Distribute the collected details to its member
institutions like bank, other financial institutions
 Maintain records of credit history and pattern of
payment of applicant
 Check the creditworthiness of the applicants
OBJECTIVES
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5.  Credit Information Report (CIR) and CIBIL TransUnion
Score.
 Helps to find out the applicant’s eligibility to get
loans
CIBIL PRODUCTS
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6.  Credit score is the numerical expression
provide by the credit bureaus according to
the credit report of an applicant.
CIBIL SCORE
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7.  It determine the amount of loan for the
applicants
 helps to determine the interest rate
 Helps to improve the financial life
IMPORTANCE
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8.  There are four Credit Information Companies in India
licensed by RBI
 Each CRI have individual credit score
 Credit score is normally three digits number ranges from
300-900
 The chance of getting loan is depends up on the credit
score
 750 is the apt credit score
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9.  Make sure all payments are done on time
 Check your credit utilization
 Monitor your accounts regularly for on time payment
 Maintain a healthy combination of credit includes
healthy and unhealthy loans
HOW CAN IMPROVE YOUR CREDIT
SCORE??
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10.  When you achieved a best credit score try to
maintain it
 Keep your score as 720-850
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11. Thank U…
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