Bounced Cheque and CIBIL Score Impact
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Questions and Answers

How does a bounced cheque affect your credit rating?

  • It has no impact on your credit rating
  • It improves your credit rating
  • It reduces your credit rating (correct)
  • It freezes your credit rating

    • What impact will a bounced cheque have on your CIBIL score?

  • It will not affect your CIBIL score
  • It will reduce your CIBIL score (correct)
  • It will freeze your CIBIL score
  • It will increase your CIBIL score

    • What is the consequence of a bounced cheque in relation to your creditworthiness?

  • It diminishes your creditworthiness (correct)
  • It enhances your creditworthiness
  • It freezes your creditworthiness
  • It has no effect on your creditworthiness

    • How does a bounced cheque influence your CIBIL score?

    <p>It lowers your CIBIL score</p> Signup and view all the answers

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