In some instances, the terms credit score and credit history are utilized interchangeably, nevertheless they have actually significant distinctions
Key differences when considering credit rating and credit score are given just below:
Note: TransUnion CIBIL presently supplies an ongoing solution for companies referred to as CIBIL business Report which include a CIBIL Rank which can be just like the credit rating for folks. Nonetheless, this CIBIL Commercial item can also be totally different from credit score which exclusively applies to products that are financial.
Q1. Is credit rating & CIBIL score the thing that is same?