THESE 5 mistakes can damage your CIBIL score

Business Image credits: Freepik

1. Payment delay

Missing a payment or loan default can decreases your score. Image credits: freepik

Limited history

Short history may hinder assessment. Image credits: freepik

3. Many loan applications

Frequent loa application raises questions on financial stability/distress whicih can decrease your score. Image credits: freepik

4. Frequent bank transfers

Frequent bank transfer indicates some form of distress. Image credits: Getty

5. Public records

Bankruptcies, tax issues, delay in pament of taxes can harm scores. Image credits: Getty

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