TransUnion CIBIL, India’s leading credit information company was introduced in 2000 to offer CIBIL score to individuals and CIBIL rank for businesses and companies. Credit Information Bureau of India Limited (CIBIL) has been acknowledged as one of the supreme credit bureaus across the nation that helps banks and NBFCs in taking informed decisions regarding funds sanctioning. It also assists lending institutions in assessing the applicant’s creditworthiness and loan repayment capacity.
Ever wondered if even a single missed or delayed payment can lower your CIBIL score or not? Continue reading to know the impact of missed payments and much more.