When households come collectively to rearrange a wedding, components like household background, monetary stability, and horoscope compatibility usually play a decisive position. However for a person in Maharashtra’s Murtizapur, his CIBIL rating grew to become the sudden dealbreaker.
In keeping with the Occasions of India, the marriage was known as off on the final minute after the bride’s uncle insisted on checking the groom’s CIBIL rating.
Each households had virtually finalized the marriage, with preparations nicely underway. However throughout a proper assembly, the bride’s uncle raised issues concerning the groom’s monetary background and requested to see his CIBIL report—a abstract of credit score historical past, together with loans, bank card utilization, and compensation behaviour.
What they found left the bride’s household shocked. The report revealed that the person had taken a number of loans from numerous banks and had a low CIBIL rating. Such a rating usually signifies monetary instability as a consequence of mortgage defaults or irregular funds.
What’s a CIBIL rating?
A CIBIL rating, supplied by Credit score Info Bureau (India) Restricted, is a three-digit quantity that sometimes ranges from 300 to 900. It’s based mostly on a person’s credit score historical past—overlaying how loans and bank cards have been managed and repaid over time. The upper the rating, the extra dependable the person is taken into account from a lender’s perspective, making it a key consider figuring out eligibility for loans and different types of credit score.
“If a person is already burdened with loans, how can he present monetary safety to his spouse?” the bride’s uncle reportedly requested. The remainder of the household agreed together with his issues and instantly withdrew the proposal.
In at present’s world, the place monetary safety performs an important position in marriage choices, this incident highlights how one thing as mundane as a credit score rating can decide the way forward for private relationships.
