Impact of foreclosure on cibil score

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Cibil score is one of the most important score that one can obtain for oneself. Cibil score is one of the most important decision criteria in deciding a fate of loan application.

It has been seen that borrowers are eager at two stages of loan application, first is when they are applying for a loan and second for foreclosing a loan if enough funds are available with them. But, this foreclosing has negative impact on cibil score of the borrower. Your relationship with bank may get closed but cibil will maintain all your repayment history including foreclosure. The article on LoanKuber.com made me inform about impact of foreclosure on cibil score’ of an individual.This article onhttp://www.loankuber.com/content/cibil-score/impact-of-foreclosure-on-cibil/ proved to be very informative and beneficial to me and if you are a fellow borrower you should definitely give this article a read.