A CIBIL score above 800 signals healthy credit habits but does not guarantee loan approval, as lenders tighten norms and scrutinise past 'settled' accounts. A 'settled' tag, which appears when a bank…
Repaying a loan does not automatically update your credit report. Lenders send data periodically to credit bureaus, so a closed loan may continue to appear as 'active' for a while. Borrowers should…
Since July 1, credit scores have been updating faster. The RBI mandated that all lenders report credit activity weekly, tracking data as of the 9th, 16th, 23rd and last day of each…
