In this Video, we discuss 35 major reasons, why your bank loan application is being repeatedly rejected, all because of your low Credit Scores, bad Credit history & low Credit ratings and very poor CIBIL Scores and Learn how to improve CIBIL Score immediately.
The Good news is that, fortunately all these 35 reasons are mistakes committed by the business owners, entrepreneurs and common man and all these can be rectified & corrected all legal ways.
As the business grows, every entrepreneur gets involved into credit in one form or the other. Given the present day context, there is not a single business owner or an entrepreneur who has not taken some form of credit. The very foundation of banking is based on credit. Since every bank & financial organisation gives credit to people for as many reasons one can imagine and in as many ways as possible. A need was probably felt to monitor all the activities concerning credits like how much credit one takes, what one does with all the credit, what is their payment pattern, how they pay back, etc.
Hence to monitor all these credit activities, not only of individuals but even of companies, Governments all over the world have created organisations to track all credit & financial transactions of all individuals & companies. These are called Credit History Tracking Agencies or Credit Bureaus or Credit Monitoring Agencies. Every business entrepreneur should be aware of these Credit Bureaus, Credit Monitoring Agencies, credit scores & credit history etc.
The oldest & the most popular credit bureau in India is Trans Union CIBIL. They come out with a credit score for all the bank customers popularly called CIBIL Score. All the business owners & entrepreneurs must check CIBIL Score regularly before applying for any kind of loans with any bank or any financial institution. If the CIBIL Score is less, the chances of getting any kind of loans be it for personal or for business from any bank or any financial institution is very less as most of them check CIBIL Score. Do not worry if your CIBIL Score is less. There are many ways how to improve CIBIL score immediately.
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