Going Beyond the Jargon Cibil Scores Credit Scores and Report
                     Going Beyond the Jargon – 
Cibil Scores, Credit Scores and 
Report
‘Credit’ is not Credit Card
 Credit means borrowing 
money, mainly from a 
bank or any other 
financial company, that 
helps us to buy or 
obtain something now 
and pay the cost back 
later attached with an 
interest to the 
borrowing. It means one 
will have to pay back 
more than borrowed.
What does this mean for 
me?
 Your credit report and credit score are essential aspects of 
borrowing. If you want to pay monthly for a car, start a new 
credit card, avail any loan, you need to have a credit 
history to assure lenders that their money would be paid 
back. If you don’t have a credit report or score, or if your 
score is low, you’re likely to find it difficult to borrow money.
 Our lives circle around credit. The main sources are loans, 
but other small and large purchases paid over installments, 
all represent credit too. If you want to buy a house or avail 
business loan, your credit history will be examined to 
analyze whether you are eligible for the new credit/loan. 
This is where your CIBIL score and report come in.
The Credit Score
 Your credit score, the 3-digit number shows how trustworthy 
you are for a new loan. The higher the number, you’ll be 
accepted for a loan, as you will be believed to be a low-risk 
borrower.
 If you have failed to pay back in the past, you’re likely to 
have a low credit score and so be deemed as a high-risk 
borrower. If you find yourself in this situation, there are a 
number of things you can do to try and uplift your score
Summary
 To sum up, it is safe to say that a good credit score 
forms a crucial part of your overall credit health and 
acts as a catalyst while applying for a personal loan.
 If you wish to apply for a loan, know your credit score 
here.
Address: 4th Floor, Kailash Building, Kasturba 
Gandhi Marg, Connaught Place, New Delhi-
110001
Phone: 1800 200 9898
Email us: [email protected]
Website: https://
www.clix.capital/check-credit-score 
Clix Capital Services Private 
Limited