In a surprising turn of events in Maharashtra’s Vidarbha region, a wedding was called off after the groom's financial situation came under scrutiny. The incident took place in the Murtizapur area, where the family of the bride backed out upon discovering that the prospective groom had a poor credit score.
The Shocking Discovery
As wedding discussions were reaching their final stage and both families were close to finalizing the marriage, the bride’s uncle suggested checking the boy's credit history. This routine financial inquiry led to a startling discovery—the groom had multiple loans and a poor credit score, commonly known as a CIBIL score.
The report revealed that the groom's financial track record showed signs of debt trouble. There were defaults and delays in previous loan payments, which had negatively impacted his credit score. Alarmed by this information, the bride's uncle advised against proceeding with the marriage, citing concerns about the groom's financial stability.
Why Credit Score Matters
For those unfamiliar, a credit score (or CIBIL score) is a three-digit number that indicates a person's creditworthiness. Financial institutions use this number to assess whether someone is a reliable borrower before approving loans.
Typically, a score above 700 suggests that a person is trustworthy for borrowing, while scores below 600 raise red flags for lenders, often leading to loan denials or higher interest rates.
Marriage Prospects and Financial Stability
While credit scores are generally associated with loans, this incident highlights a growing trend where financial stability plays a crucial role even in matrimonial decisions. Families now prefer checking financial backgrounds, including credit scores, before agreeing to a match.
This unusual case from Maharashtra serves as a reminder of how financial health has become an essential consideration not just for banks but also for life’s personal milestones, including marriage.
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