What is the primary reason lenders check borrowers' CIBIL scores?

"To assess their investment portfolio" "To determine their eligibility for rewards programs" "To evaluate their creditworthiness" "To verify their employment history"

What is the recommended percentage of credit card limit utilization to avoid negatively impacting your CIBIL score?

"100%" "50%" "Less than 30%" "75%"

How can individuals with a higher number of personal loans improve their credit mix?

"By applying for more credit cards" "By increasing their credit limit" "By consolidating their debt" "By prepaying their loans"

What is the impact of opting for a longer loan repayment tenure on EMIs?

"EMIs increase" "EMIs remain unchanged" "EMIs decrease" "EMIs fluctuate"

Why is it advisable to avoid becoming a guarantor for financial assistance?

"It can limit your own borrowing capacity" "It can complicate your tax filing process" "It can negatively impact your credit score if the borrower defaults" "It can restrict your access to financial products"

What does a CIBIL score reflect?

"An individual's investment strategy" "An individual's spending habits" "An individual's credit repayment history" "An individual's income level"