Poor, Good And Excellent Cibil Credit Scores

The main job of credit information bureau of India limited is to maintain and preserve the data of an individual credit accounts history and present it to its member bank whenever needed on special request.

Cibil score is a score, which is issued to every individual by cibil depending upon the past and present status of monthly installment payments on all the secured and unsecured loans; credit cards availed by an individual. The score is divided into three parts- poor, average and good. In simple words it can also be called minimum and maximum scores.

Below mentioned points will explain in detail, what is a good, poor and excellent cibil score:

• The cibil score of a person ranges from 100 to 900. The higher the number, the higher would be your cibil score and vice versa. Anything ranging in between the two is considered to be a good cibil score.
• Excellent cibil score – if your payment track record is clean and clear and you have not missed any of your payments on even a single account; your cibil score would be excellent. An excellent cibil score will be from 700 to 900. Anything between this; may it be 800, 750, etc is treated as a high score and the maximum is 900.
• Good cibil score – a score is considered to be a good one if it ranges from 500 to 700. This is generally when people have not been able to make regular payments on their accounts and have missed one or two installments in the whole tenure but the delinquency string is less than 30 days and also the default is not current. But this does not mean that you have missed many monthly payments. You will get a good score only if you have paid all the dues on time except some of the payments and that too if they have not been stretched for too long.

There are people who just not pay the payments on time or simply just bounce their payments cheques because of lack of funds. In such cases, you get a very low score and your cibil score would be between 100 to 499. Such score is often calculated in case of non-payments or default history of anindividual.