Rebuild your CIBIL Score before year-end. (Credit score. Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

A low CIBIL Score is assumed to shut the door on any future credit and eliminates all possibilities of recovery. The general feeling among consumers is that once their score falls, no lender will give them a loan or even a credit card.

But often, a low score may be due to unforeseen circumstances, such as missed payments resulting from financial constraints, overspending immediately after getting a new credit card or simply forgetting to keep the account funded before the due date. While such situations can dent one’s credit profile in the short run, the fact is that the CIBIL Score reflects one’s overall repayment history, and that history can always b

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