I have a score of 700+ on CIBIL (I had taken out a report on my own by paying online at CIBIL). My recent application for a Personal Loan at ICICI Bank was rejected. The reason given to me that there is a settlement in my account that happened some time back. because of this, my loan has been rejected.
Is this possible? Isnt credit score the only indicator banks look at for evaluating a profile? How can an old settlement case be reason for loan rejection when my score is so high
Will my credit score come down if there are delays in payments due not on my main credit card but the add-on card?
One keeps hearing terms like Credit Repair, Credit Improvement & Credit Sudhaar – what do these credit repair companies promise?
Is it really something that works?
What should one watch out for while selecting a credit repair program or offering?
I keep hearing terms like Good Credit Score and Bad credit score? What exactly is a bad credit score? How bad can the score really be? How is it bad apart from the fact that it is low and banks will not lend.
You mention that there are multiple bureaus and hence multiple reports now available for loan seekers?
Which report(s) do banks use to decide?
What are the ways for me to get my credit score.?
I just need the score, not the detailed report.