Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
When families gather to arrange marriage, factors such as family background and financial stability often play a decisive role. But for a man in mahashtra, his CIBIL degree has become unexpected deals.
According to Times from IndiaThe wedding ceremony was canceled at the last minute after the bride’s uncle insisted on checking the CIBIL degree of the groom.
Both families have put the finishing touches on the wedding, with preparations well. But during an official meeting, the bride’s uncle raised concerns about the groom’s financial background and asked to see his CIBIL report – a summary of the credit registry, including loans and the use of credit cards and payment behavior.
What they discovered is to leave the bride’s family surprised. The report revealed that the man had received multiple loans from various banks and had a low CIBIL degree. This result often indicates financial instability due to the failure to pay loans or irregular payments.
What is Cibil?
The CIBIL degree, which is provided by the INDIA Credit Office, is a three-figure number usually ranging from 300 to 900. It depends on the history of the individual’s credit-which spoils how loans manage and credit cards over time. The higher the result, the more reliable the individual is considered from the perspective of the lender, which makes it a major factor in determining the eligibility of loans and other credit forms.
“If a man is already burdened with loans, how can he provide financial security for his wife?” It was reported that the bride’s uncle requested. The rest of the family agreed to his fears and pulled the proposal immediately.
In today’s world, where financial security plays a decisive role in marriage decisions, this incident sheds light on how something can be determined as a worldly degree of credit for the future of personal relationships.
