1. What is a CIBIL Score and what factors affect my CIBIL Score?
CIBIL Score is a 3 digit numeric summary of your credit history, derived by using details found in the ‘Accounts’ and ‘Enquiries’ sections on your CIBIL Report and ranges from 300 to 900. The closer your score is to 900, the higher are the chances of your loan application getting approved.
2. How can I improve my CIBIL Score?
You can improve your CIBIL Score by maintaining a good credit history, which is essential for loan approvals by lenders. Follow these 6 steps which will help you better your score:
3. I notice a mistake in my report. How do I raise a dispute? How much time will it take to resolve the dispute?
To initiate a dispute with us, just follow the below mentioned online dispute process.
Please Note –You can dispute multiple fields and information on your report in a single dispute by navigating to each section on the Online Dispute Form (i.e. Personal, Contact, Employment, Account Details and Enquiry).
Once the dispute is submitted, CIBIL will also mark the relevant field/ account/ section on your credit report as “Under Dispute”.
It may take approximately 30 days to resolve a dispute, subject to the time taken by the Credit Institution to respond.