Ganesh_Shinde
KF Expert
I am reaching out to seek your expert advice regarding my credit scores and their impact on loan applications.
Currently, my CIBIL score stands at 770, whereas my Experian score is 513, which contains a lot of errors. I am in the process of working with Experian to rectify these inaccuracies.
My primary concern is understanding which credit score—TransUnion (CIBIL) or Experian—the banks will consider when I apply for credit or a loan. Could you please provide clarity on the exact process banks follow in evaluating credit scores?
While I have some general knowledge about the process, I am looking for detailed insights, preferably from someone with direct experience in the banking sector.
Your guidance on this matter would be greatly appreciated.
Currently, my CIBIL score stands at 770, whereas my Experian score is 513, which contains a lot of errors. I am in the process of working with Experian to rectify these inaccuracies.
My primary concern is understanding which credit score—TransUnion (CIBIL) or Experian—the banks will consider when I apply for credit or a loan. Could you please provide clarity on the exact process banks follow in evaluating credit scores?
While I have some general knowledge about the process, I am looking for detailed insights, preferably from someone with direct experience in the banking sector.
Your guidance on this matter would be greatly appreciated.