Lucas Bianchi, Co-founder & Head of Operations and Finance, Namaste Credit, talks about how one can establish and improve their CIBIL score.
He states, getting a loan creates a CIBIL score which affects the approval of all future loans. Paying your dues on time will help improve your score as it is an indicator of your propensity to repay. Not paying your dues on time can negatively impact your CIBIL score, thereby affecting the processing of all future loans. Hence, it is wise to track your score to maintain accuracy.
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