Credit scores are a major factor in determining whether an applicant is approved for a credit card or a loan. They are also being used more frequently to secure favourable interest rates on loans. Thus, a high IIFL CIBIL score is now a significant asset in the modern economy. But credit ratings can’t be developed without access to credit in the first place. Taking out loans for the sole purpose of building a credit score is not a good idea because doing so requires you to pay back the loan…
Read MoreSmart Moves to Build Your HDFC CIBIL Score in Case You are a New to Credit Consumer
