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+91 8000 911 911Company Credit Rectification
We extend our expertise beyond individual credit rectification to also include comprehensive Company Credit Rectification services. We are dedicated to ensuring your business maintains a healthy credit profile.
Apoorvaa Making Business Credit Healthy
- Help to lower your CIBIL Rank between 4 and 1.
- Help to monitor your business health.
- Help to analyze Commercial Credit Report.
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What is CIBIL Rank?
The CIBIL rank summarizes your Company Credit Report in the form of one number. Just as individuals are given a CIBIL Score ranging from 300 to 900, Companies are assigned CIBIL Rank ranging from 1 to 10 where 1 is best and 10 is worst. However, a CIBIL Rank between 4 and 1 is considered good by most financial institutions. Most importantly, CIBIL Rank is an indication of a Company’s creditworthiness. The rank is now available for companies with current credit exposure of up to Rs. 50 crores. Please note that non-availability of CIBIL rank is not a negative thing.
What is Company Credit Report?
A Company Credit Report is a record of your company’s credit history. The past payment behavior of a company is a strong indication of its future behavior. It is therefore important to understand that the Commercial Credit Report is heavily relied on by loan providers to evaluate and approve loan applications.
A typical Commercial Credit Report comprises the following information:
- Background Information – The report usually begins by stating the background information of the business, like subsidiary and parent companies, years of operation, ownership, and more.
- CIBIL Rank – The report then mentions the CIBIL rank of the company, ranging from 1-10.
- Financial Information – The report includes additional financial details that determine the adequate credit levels that lenders can allow you to borrow.
- Financial History – The report also covers a brief of financial history, such as collections, repayments, revenue generation, etc.
Benefits of CIBIL Rank and Company Credit Report (CCR)
Maintaining a strong CIBIL Rank could potentially lead to securing business loans with lower interest rates and faster approval processes.
Highlight your company’s financial robustness when presenting project proposals or engaging in business partnerships.
Regularly check your company’s credit health using CIBIL Rank and CCR to ensure readiness for loans at all times.
Apoorvaa will help you to rectify;
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Accounts that do not belong to you -
Duplicate accounts -
Incorrect inquiries -
Inaccurate accounts -
Delinquent accounts -
Incorrect data of last payment, open date etc. -
Closed accounts reported open -
Accounts with incorrect current balance -
Accounts with incorrect credit limit
Trust Apoorvaa to manage your company's credit rectification needs, leading to better financial opportunities and a stronger business future.
Frequently Asked Questions
The terms “CIBIL Rank” and “CIBIL Score” refer to two different metrics used by TransUnion CIBIL to assess creditworthiness, but they are designed for different types of entities and purposes.
| CIBIL Rank | CIBIL Score |
|---|---|
| CIBIL Rank is applicable for companies. | CIBIL Score is applicable to individual consumers. |
| It summarizes your company’s CCR (Company Credit Report) in the form of one number. | It is a three digit numeric summary of your credit history. |
| CIBIL Rank ranges between a scale of 10 and 1. The closer the rank to 1, the better the chances of your company to secure a loan. | The score is derived by using the details found in the “Accounts” and “Enquiries” sections on your Credit Information Report (CIR) and ranges from 300 to 900. The closer your score is to 900, the more favorably your loan application will be viewed by credit institutions. |
| The rank is only provided to businesses that have outstanding loans of Rs.10 lakh to Rs.50 crore. | The score is provided to an individual based on the credit history |
Companies should regularly check their commercial CIBIL report for several important reasons:
- Assess Creditworthiness
- Financial Health Monitoring
- Error Detection and Correction
- Credit Management
By regularly monitoring their commercial CIBIL report, companies can better manage their financial health, improve their creditworthiness, and strategically position themselves for growth and success.
