G-cibil-default pg15 - Mint

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Source: XXXx. HOW TO FIX IT? Repay your dues and approach Cibil to get errors fixed. You need confirmation from your bank to do that. WHEN ARE.
FACT SHEET

WHAT IS CIBIL? It is a credit rating agency that keeps track of how much you borrow and how you repay it. Based on the data, it assigns you a credit score.

WHAT IS CREDIT SCORE? If you pay up on time, you get a high score, but even if you default on one loan instalment or credit card bill, your score will go down. If you have a higher score, your chances of getting a loan in the future are better.

WHEN ARE YOU MARKED LOW?  If you fail to meet repayment deadlines or cheques

issued by you bounce  If your bank doesn’t update your data on time  If you haven’t closed a loan properly after repaying the full amount, the loan account remains in ‘active’ mode on your report Source: XXXx

HOW TO FIX IT? Repay your dues and approach Cibil to get errors fixed. You need confirmation from your bank to do that.