How To Know Cibil Score

Whoever said that a good credit score is equal to money in your pocket has rightly summed up the importance of a good credit score in its totality. Indeed, the importance of credit has multiplied tremendously with the turn of the century. And if it is well connected to the prospect of saving more mullahs, then no one can underestimate one's credit health. Also, it takes a long and tenacious effort to take your credit score to greater heights. Hence, it is inevitable that you take care of it so that it does not come cascading down and spell doom. In India, as per the Credit Information Act of , all the credit history of customers is uploaded onto the credit bureau. The major consumer credit bureaus in India are CIBIL and Equifax whose work is to collect and combine your personal information and financial data from a variety of sources called data furnishers with which the bureaus work in close coordination. These data furnishers fraternity basically consists of creditors, lend...

Understanding how to read your credit card bill is as important as knowing why it's necessary in the first place. Contrary to popular belief, these convenient plastic cards need not be avoided altogether, however need to be used with certain amount of caution or rather self-control. Let us first try to understand how to read a credit card bill. Here's what you will find in your bill: 1) Your credit card number 2) Your account summary 3) Payment due 4) Balance payment 5) Minimum amount due 6) Available credit limit 7) Applicable interest charges 8) Payment Due Date Account Summary: also known as the statement date. This gives a list of all the purchases you have made using your credit card in the past one month (your bill is generated on a monthly basis). Also, details about where you've swiped your card and how much you've swiped it for will be listed. Payment due:this column will show how much you have yet to pay on your credit card for the curren...