How To Get Loan With Low CIBIL Score? It’s Easier Than You Think
Anisha Mehta wants to avail general purpose (personal) loan. But she is a little worried because her application got rejected 2 times due to her poor CIBIL score. The reason for her low CIBIL is a delay in previous repayments. Now her credit score is 600. Is she still eligible for loan for poor CIBIL score ? What are the most common causes for loan for poor cibil score? In most cases, people do not aware of why they have a low credit score till the application gets rejected. The same things happened with Anisha, first of all, she needs to find out the possible causes while applying for a loan for poor cibil score. · Default in payment and have more credit card dues. · Credit utilization ratio is higher than required. · Multiple active debts that enhance the debt-to-income ratio. · Previous rejection of any loan application due to poor credit history. · Applied for multiple loans with many lenders in a short duration. · No