Follow this method to reduce your EMIThe credit score or report of the loan applicants is generated by four credit information companies (CIC) in the country. It includes the credit score once between January and December if the credit history is available with the CIC. A credit score or as it is referred to as the CIBIL score is a three-digit score that provides the summary of any loan applicant's credit history. A low loan balance may mean healthy credit usage while a high loan balance can reduce the overall credit score. Any loan applicant can apply to get their credit score report from the four credit bureaus.

Source: dna December 25, 2020 09:19 UTC