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Cibil Score Update: Nowadays, the CIBIL score is not only checked for loans in banks. CIBIL score is also very important for jobs. It is very important to have a good CIBIL score to get a good job and a timely loan.

If your CIBIL score is bad, then you may face difficulties in getting a loan (latest update on loan). In such a situation, many people also have a question in their mind: once the CIBIL score gets bad, in how many days does it get better? Let us know in which ways it can be improved quickly.

This is how a CIBIL score gets bad-

There can be many reasons for the CIBIL score to be bad. The main reason for this is not paying the installment after taking a loan. Due to this, the CIBIL score gets bad (cibil score khrab hone ke karn). Apart from this, becoming a loan guarantor of a person who defaults on the loan, in such a situation, also affects your CIBIL score (good and bad cibil score). Not paying the credit card bill on time also spoils it.

The CIBIL score will improve in this time-

If you pay your credit card bill and loan EMI, etc., on time, then the CIBIL score improves in at least 2 years. However, it can also be improved quickly through a secure credit card, although it is very important to have an FD for this.

The CIBIL score does not improve in this way-

You should not think that you can immediately improve the CIBIL score spoiled by a loan default by paying the full amount. Even after this, it takes a lot of time. For this, along with being patient, you have to pay credit card bills and loan EMIs, etc., on time.

The CIBIL score comes under the radar of every bank-

Regarding the CIBIL score i.e., credit score (how to improve cibil score), many people think that other banks do not know about it. Thinking so, they go to another bank to take a loan. There, they come to know that it cannot be hidden.

Another bank can check your CIBIL score (cibil score news) details in a jiffy. The CIBIL score data reaches every bank and finance agency online. If the CIBIL score is low, you do not get a loan. Even if you get it, it is given at expensive interest rates.

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