How long does a loan default tarnish your credit score? Know how to set it right

How long does a loan default tarnish your credit score? Know how to set it right

Kolkata: “The CIBIL score works as a first impression for the lender, the higher the score, the better are your chances of the loan being reviewed and approved,” says India’s biggest private sector lender HDFC Bank on its website. It is difficult to put it more succinctly. Whether Experian, Equifax and Highmark or CIBIL, the credit score of an individual is the most important, though not always the only decider, of whether a lending institution …