Cibil score is one of the most important decision criteria used by banks for credit appraisal of any application. Banks check for your cibil score at the initial stage of appraising your loan and most of the applications are rejected on the basis of your cibil score.

Given the importance of your cibil score, it is very important to know all the factors that affect your cibil score. There are many factors like late payments, higher credit utilization, large number of loans etc that can affect your cibil score.

The article on made me inform about factors that affect our cibil score. This article on proved to be very informative and beneficial to me and if you are a fellow borrower you should definitely give this article a read.