Understanding Your CIBIL Score: A Guide to Financial Wellbeing
TransUnion CIBIL was founded in 2000 as one of the oldest credit bureaus. It is a custodian of data as a credit bureau and this credit information is submitted by banks, NBFCs and all the credit institutions across India. TransUnion CIBIL analyses this data using proprietary algorithms and computes a three digit numeric indicator which indicates any consumers creditworthiness. It also talks about how well he/ she has managed his credit in the past.As one of the oldest bureaus and leaders in this segment, TransUnion CIBIL has a mission to empower consumers and businesses alike and also enable lending institutions with information solutions to power affordable and faster access to credit for consumers and businesses and foster their growth. It works extensively towards improving financial literacy and towards imparting credit education in initiatives that are aimed at increasing financial inclusion. Disclaimer: This article has been produced on behalf of the brand by HT Brand Studio. The content is for information purposes only and does not constitute financial advice. Milestone Alert!
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