Credit Score is like an alien concept for the borrowers. Normally, a borrower checks the absolute Credit Score Value and create a notion about the same. Some of the credit experts have created a very wrong notion among borrowers. This misconception is that if the Credit Score is more than 750 then NO Force in this world can reject the loan. It is wrong understanding. I can share examples of borrowers whose loans were rejected even with a score of more than 800. There is no doubt that credit score of 750+ is very good but it does not guarantee the loan. In my post, How to read CIBIL Score and ... Read More
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