Taking Informed Credit Decisions Just Got Easier With The Score Simulator

Blog Post09/23/2019
Credit Advice

Ever wondered how your credit actions today can impact your access to future loans and credit? Read on to know how the Score Simulator helps you take an informed credit decision.

Imagine an alternate universe where you know how every single one of your actions may impact your future. Not only would this give you tremendous leverage over your peers, but would also make you wary of your decisions and actions, compelling you to deliberate and reconsider before behaving in a certain way.

What if you could wield this power right now? Today, access to credit at our fingertips can help us realize our financial dreams and even help us in a critical emergency. Now, imagine the possibilities if you knew how your credit actions impact your future, or more specifically, your access to future loans and credit. Intrigued?

Read on to know how you can access this power to take informed credit decisions and unlock your dreams and aspirations.

The power of a high CIBIL Score

One of the first things that lenders look at, when evaluating a loan application, is your credit-worthiness as reflected in your CIBIL Score and Report. The higher your score, the better are your chances of a loan approval. But do you know how you can reach that desired score? Does paying off that loan today put you on the fast track towards a high score?

Can you really predict the impact of today’s credit decision on your future access to credit?

Stop guessing and start simulating

Enter the Score Simulator — one of the latest offerings from TransUnion CIBIL. This tool allows you to explore different what-if credit scenarios/behaviors, and then generates a simulated score to help you understand how your credit actions can affect your CIBIL Score. Watch how opening a new loan account, closing an old one, paying off outstanding amounts or adding late payments can change your score and your  access to credit in the future. The highlight of this tool is that you can run multiple simulations and there will be no impact on your current CIBIL Score.

With the Score Simulator, the power to take charge of your financial future is literally at your fingertips!

You can use this tool to help you plan your financial goals and credit dreams, define timelines and eventually make your dreams a reality. Easy access to credit, fueled by a high CIBIL Score, is the key to that grand wedding, your dream home and the perfect car.

So, stop guessing and start simulating, today.

 Disclaimer: Your CIBIL Score is a 3-digit numeric summary of your credit report and is dependent on multiple factors, which might be unique to every individual. The impact of these factors may vary for different scenarios and might not lead to a change in CIBIL Score in case of certain simulations.

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Disclaimer: The information posted on this blog (Information) is prepared by TransUnion CIBIL Limited (TU CIBIL). This Information is for generic informational purposes only and is meant for consumer education and awareness about credit scores, credit history and credit reporting. The Information posted on the blog does not constitute credit advice and the user will need to consider the same and take independent informed decisions . No part of this Information may be quoted out of context, distorted ,distributed, published and/ or reproduced in any form and manner whatsoever. Consumers are advised that the Credit Information Reports (CIRs) prepared by TU CIBIL are based on collation of information, substantially, provided by credit institutions who are members with TU CIBIL. TU CIBIL is not responsible and /or liable for errors and/or omissions caused by inaccurate or inadequate information submitted to it by credit institutions. TU CIBIL does not guarantee the adequacy or completeness of the Information and/or its suitability for any specific purpose nor is TU CIBIL responsible for any access or reliance on the Information. TU CIBIL expressly disclaims all such liability. Further, this Information is based on the data available with TU CIBIL at the time of publication and therefore may not be up-to-date.