Credit Score

A business credit score is built on data that pertains to your financial history. Business financial history could include various lines of credit, length of credit history, payment history of business credit, loans undertaken by business, length of credit, and the purpose for which you are using your loan

Yes, Paytm Postpaid will have an impact on your credit score. Paytm postpaid is a pre-approved and instant credit offered by Paytm’s NBFC partners. This facility can be used to make online/offline purchases on more than 1 crore websites and merchants.

CreditFit is a product launched by CreditMantri. You can enhance your credit score and get loans at best market interest rates using CreditFit. We have a team of experts who will give valuable tips for these. Let us now read on to find out more about how to get a loan and the role of CreditFit in getting a loan.

CreditFit is a product launched by CreditMantri. It comes with multiple benefits and features. It primarily helps build your credit score seamlessly and get the best loans and credit cards with ease. On subscribing to CreditFit, you will get expert guidance from our credit coach for a year. Let us read on to learn about the importance of credit scores and more about CreditFit.

Yes, you can bounce back from a low credit score. Having a low credit score can be pretty disappointing but with a few measures you can expect to improve your credit score over a period of time. Let us look at what can be done.

A personal credit score is for individuals while a business credit score is for businesses. Let us look at the differences between a personal credit score and a business credit score.

Businesses require frequent funding to run day-to-day operations efficiently. Whenever there is a cash crunch business loans come to the rescue. Working capital loans, cash credits, overdrafts, letters of credit, invoice financing, term loans, and machinery loans are some of the types of business loans.

A microloan is a type of microfinance. Microloans are small loans offered to people who are less served with credit. They are short-term loans and have higher interest rates. Microloans are offered without collaterals and are the best choice for quick funding needs

It is not easy to build and maintain a good credit score. If your credit score becomes bad, improving it takes a lot of effort and time. Although using a credit card responsibly is a good way to improve your credit score, it is not the only way.

Your credit score takes into account your past loans, debts, and repayment history. But, it does not indicate whether you are employed or unemployed. Thus, your credit score is not impacted if you lose your job unless you cannot pay all your debts or loans on time.

Days past due (DPD) is the total number of days by which you have missed paying your credit card bill, EMI payments, loan payments, etc. If your payments have been timely, the DPD value will show as “0”.

Having a low CIBIL™ score is a major hindrance to your financial future. You can face barriers while getting a mortgage, opening a credit card, getting loans, and even getting a job.

When you apply for a personal loan, the lender or the bank evaluates your loan application based on various factors. CIBIL ™ score is one of the most important aspects.

Loans are a great way to obtain cash to pay for anything, be it your wedding, vacation, medical emergencies, education, etc. But, loans have a great impact on your credit score. If you make timely payments on your loans, then it will have a positive impact on your credit score.

Establishing business credit is a big deal, especially if you’re a small business owner. You want to make sure that your business is well-prepared for whatever the future might bring, and one way to do that is to establish your business credit score.

Your credit score can be a blessing or a curse, depending on how you handle your finances. Most people don’t realize how much of an impact their personal habits can have on their score.

Having a low credit score can be a major barrier to your financial future. It can keep you from getting a mortgage, opening a credit card, or even getting a job. But that’s not the only problem. A low credit score can also make it difficult to convince a company to offer you a loan.

Did you know that your credit score has a big impact on your financial life? A good credit score can help you get approved for a loan, and a poor one can make it impossible for you to get a mortgage. That’s why it’s important to keep track of your credit score.

Buy Now Pay Later is a great credit facility that offers some much needed relief in times of cash crunch. Anyone can be faced with a financial emergency at any point in life and having an affordable credit option is important.

If you’re looking to check your credit score and download your credit report, you can easily get them online. Most banks and non-banking finance companies (NBFCs) offer free credit reports on their websites. You just need your PAN and mobile number to login and access your report. You can also find many third-party websites that offer to download your credit report on the internet.

Lenders in India use credit scores from either of the 4 credit bureaus - Experian, Equifax, TransUnion CIBIL™, or CRIF Highmark. FICO Score has recently forayed into the Indian lending market, offering lenders with a more comprehensive evaluation of the borrower’s credibility.