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Your CI BIL score is a three - digit number that plays an important role in determining your financial life . It is a reflection of your credit history and is used by banks and other financial institutions to evaluate your loan and credit card eligibility . A good CI BIL score is crucial if you want to get the most favorable terms and conditions when it comes to loans or credit cards . Fact ors Affect ing CI BIL Score Your CI BIL score is determined by a number of factors , including credit utilization , payment history , length of credit history , and type of credit used . Credit utilization is the amount of credit you have used compared to the amount of credit available to you . Payment history is an important factor , as timely payments can help to keep your score high . The longer your credit history , the more likely you are to have a hig