What does it mean when my Score is "NA" or "NH"?
What does it mean when my Score is "NA" or "NH"?
CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-
A Score of “NA” or “NH” is not a bad thing at all. These mean one of the below :
- You do not have a credit history or you do not have enough of a credit history to be scored, i.e. you are new to the credit system
- You do not have any credit activity in the last couple of years
- You have all add-on credit cards and have no credit exposure
It is important to note that while these Scores are not viewed negatively by a lender, some lenders’ credit policy prevents them from providing loans to an applicant with Scores of “NA” or “NH” (applicants with no credit track record). Hence, you may have better chances applying for a loan elsewhere.
CIBIL CREDIT SCORE AND LOAN BASIC QUESTIONS WITH ANSWERS:-
- What is CIBIL?
- Why is my Credit Score important for getting my loan sanctioned?
- How can I improve my Credit Score?
- What major factors affect my credit score?
- What does it mean when my Score is "NA" or "NH"?
- What is the CIBIL TransUnion Score 2.0?
- Can CIBIL delete or change my records?
Categories:
CIBIL,
CREDIT-SCORE,
LOAN-BASICS
0 comments:
Post a Comment