All lenders need to be sure that you will repay the money that you are borrowing. To ascertain if you will pay the money back they refer to the Credit report or CIBIL report. The first step to having a good credit score is to understand what credit report is and what components it has, therefore it is important to know what is a CIBIL report and what does it contain. Conceptually the credit report reflects how you have borrowed in the past and what your credit history has been like.
Over the years as the credit score has become more mainstream the consumers concern with their credit scores has increased due to many erroneous believes and credit score myths. These myths have gained legitimacy simply because they have been repeated enough times by many people.
However, a myth is not important in the real world as it has no credence, it only effects our decision making as we factor that myth in our decision process.