Money Guru: What Is Credit Score? How Is CIBIL Score Calculated? Expert Decodes

Credit score tells your credit history. CIBIL Score is your credit score. If the CIBIL score is less then there will be problem. CIBIL decides the credit score. Keep credit card due balance low. Pay EMIs on time. Avoid taking excessive unsecured loans. Do not apply too much to get a loan. Banks check the CIBIL report on the loan application. The report is prepared on the basis of loan, credit card payment. Banks take decision on loan approval/rejection from CIBIL report: Vikas Puri, West Zone Head of Complete Circle Consultant. Watch Money Guru for more details.