Business

THESE 5 mistakes can damage your CIBIL score

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1. Payment delay

Missing a payment or loan default can decreases your score.

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Limited history

Short history may hinder assessment.

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3. Many loan applications

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

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4. Frequent bank transfers

Frequent bank transfer indicates some form of distress. 

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5. Public records

Bankruptcies, tax issues, delay in pament of taxes can harm scores.

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