In Murtizapur, Maharashtra, the bride’s family called off an arranged marriage after discovering the groom’s low Cibil score, highlighting the increasing importance of financial stability in marriage decisions. The wedding was nearly finalized when, during a pre-wedding meeting, the bride’s uncle made an unexpected request to review the groom’s credit report. The report, which outlines an individual’s credit history, loans, and repayment behaviour, revealed that the groom had multiple outstanding loans, leading to a poor Cibil score.
Financial Stability and Cibil Scores: A Key Factor in Modern Marriages
A low Cibil score typically signals financial instability, often due to loan defaults or late payments. Concerned about the groom’s ability to provide financial security, the bride’s uncle voiced his doubts, which were soon supported by other family members. After further discussions, the family made the decision to call off the engagement, stressing that financial stability is essential in marriage, particularly in arranged unions where long-term stability is a key priority.
This decision reflects a broader trend in which financial awareness is influencing personal and social decisions, with Cibil scores now becoming an essential consideration in marriage. As financial literacy increases, factors such as creditworthiness are expected to play a larger role, particularly in ensuring stability for both partners.
Understanding Cibil Scores: Key to Financial Health and Loan Eligibility
A Cibil score, ranging from 300 to 900, reflects an individual’s creditworthiness. A higher score (750 and above) signals responsible financial behaviour, while a lower score suggests poor debt management. This score is used by financial institutions to determine loan eligibility, interest rates, and borrowing limits. Maintaining a good score involves paying loans and credit card bills on time, keeping credit utilization low, limiting loan applications, and having a mix of secured and unsecured credit.
Summary:
In Murtizapur, Maharashtra, a bride’s family called off an arranged marriage after discovering the groom’s low Cibil score, highlighting the growing importance of financial stability in marriage decisions. The groom’s poor credit history raised concerns about his ability to provide financial security, prompting the family to cancel the engagement.
