Everything you should know in the world of Finance

Your credit report plays a crucial role when you apply for loans or credit cards. A low score can potentially have a negative impact on loan approvals. TransUnion CIBIL™, one of India's leading credit bureaus, assesses your creditworthiness based on various factors, including missed or timely payments. In this article, we will learn how missing one payment affects credit score and explore strategies to improve it.

If you are a chartered accountant, you must understand the importance of your credit score when applying for a loan or credit card. Chartered accountant credit score acts as a report card. Your lenders check your credit report to evaluate and assess your credit history and financial stability.