current balance in cibil report (Automobiles & Vehicles - Used Cars)

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Item ID 15628721 in Category: Automobiles & Vehicles - Used Cars

current balance in cibil report

The current balance in a CIBIL report reflects the outstanding amount owed on loans or credit lines at a specific point in time. It indicates the total sum that the borrower still owes to creditors. Lenders use this information to assess an individual's financial health and creditworthiness. A low current balance suggests responsible financial management, while a high balance may indicate potential risk for lenders. Monitoring this figure helps individuals track their debt repayment progress and maintain a healthy credit profile.

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Last Update : May 07, 2024 7:56 AM
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Item  Owner  : Artha Sarathi
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2024-06-12 (0.222 sec)