We have provided following commonly used terms for common man to understand a proper meaning of the Cedit report . Our attempt is to educate people in order to bring financial diecipline from self-learning .

CIBIL is a generally spelled word indicates the report made by TransUnion CIBIL Limited

Cibil Score is a report that disclose the figured indication regarding the credibility of the credit score of a business person or a salaried person . I also idnciates the Income of a person by way of hi repayment ability .

Credit report a term used to demonstrate the credit ability of the person which must generally comprise a Net Worth report also.

CUSTOMER CARE Cibil  is a customer Care No 8454010151 @ www.cibilclear.in  online Cibil Customer service .

Bad cibil a credit score below 700 is considered to be low & below 500 is considered to be  bad credit which can be corrected by applying Cibil Correct on www.cibilclear.in  Bad Cibil – bad cibil termed as a bad Credit Cibil Report having below 500 credit score .   

 
Cibil correct is said when a credit is not correctly demonstrated by the report published by  TransUnion CIBIL Limited & is required to be corrected  by applying Cibil Correct  on www.cibilclear.in
 

Loan – Loan is the a borrowed amount on interest from bank or any lender that is an approved & registered finance Company or a Loan providing Credit co operative Society or bank or any group in India under any name where the business is to earn Net interest margin.

Loan Eligibility – it is an average ability of a person in years to obtain loan & repay loan with the present income as well as considering the supposed additional income which can be like all kinds of returns on Investments, Business Income , Additional income from any Business or professional Activity , Any income from Rent or Property etc.

Loan Application – Application made to bank or any lender company for obtaining Loan . Loan is demanded by an individual or Business having income tor repay it .
 

Loan Agreement – a document in which Lender & Borrower agrees to transact for the exchange of Funds for the return’s of Interest on Loan Amount .

 
Cibil Credit Report Monitoring is a process where your credit change is observed by the bankers in order to make a credit decision .

Cibil Report Rectify – is to repaired or rectify the credit score or the credit report by making correction into it.
 

Credit restoration or Cibil Repair is to repaired or rectify the credit score or the credit report by making correction into it.
 

Income – Income is that return you earn in exchange of rendering your services to the Employer called as salary or by engaging your capital & entrepreneur ability into a business & the output income is called business Income or Profit or net Profit or returns on Investments & Gains

Bank – A bank is a Nationalised bank of Co Op bank or Commercial Bank or an institution framed under the banking regulations under the RBI Control . Non Banking Companies also participate into fund market & provide loans which are not bank loans and are generally high at interest & the risk of returns persists .

Credit – Credit is actually an Accounting term opposite of debit but here in Financial sector we consider a credit as a credible worth . the surplus of ability to obtain funds from the market. The Worth of the company or individual .

 Creditscoreboost To seek options that helps to increase your credit sore & finally your eligibility to obtain funds .