Credit Score

A Good Credit Score Paves Way for Getting Good Loans - A credit score might seem to be just a numerical expression, but a good score brings you plethora of benefits. Read on to know more about how a good credit score can save you lakhs of rupees.

4 Factors that make up your credit score - A credit score does play a crucial role in determining your financial life. This article will help you explore the elements that are involved in calculating your credit score.

Impact of late payment on Credit Bureau Scores - Your credit score decides how good a deal and in some cases if your loan or credit card application approval or rejection depends on. Know how late payments affect your credit bureau scores

How to make my credit score, soar?Many people in India don't know what a credit score is or even if they do they don't give much thought about it. For people who don't know what a credit score is – A credit score is the aggregate of all the financial loans a person has availed and how well or consistently they pay back the loan availed. It has the complete history of all your borrowings and paybacks. Even if your loan application or credit card application wa

Personal Credit Score vs Business Credit ScoreConfused when faced with questions about business credit score and a personal credit score?With more than 90% of the organizations work with debt finance, it is very important to know the difference between personal credit score and business credit score along with their importance.Personal Credit ScoreThe personal credit score is any individual's credit score. It determines how much loan a person is e

The One Thing That Could Stand Between You and Your Dream Job: Your Credit ScoreYour educational qualifications and past work experiences are common parameters that any employer would generally check into before offering you a job. But have you ever thought your credit score does play a critical role in your job search? Many companies do a check on your credit history to evaluate your potential and credibility. It sounds highly unlikely. Let us explore more in detail how your cr

Why your credit score is not improving?Credit score is a vital tool for assessing your financial capability while opting to apply for a home loan, personal loan and credit card. Sometimes, you may feel you have made your payments on time and still you might have low credit score. It can be a puzzle as there are a lot of factors go into deciding your credit score. Let us look at the reasons why your credit score is not improvi

How to Get a Mortgage with Bad CreditA mortgage loan is given against the mortgage of a residential or commercial property. If you own land or property, then you could mortgage it with the lender to raise funds. The property's market value is assessed and the loan is given as a certain percentage of the property's current market value. This could range anywhere from 40% to 60% the current market value.This product is a secured loan since the loan is secured against your p

6 Month Loans for Poor CreditIt can get be difficult to avail a loan with a poor credit rating. Lenders do not want to risk giving loans to customers who already have demonstrated poor credit behavior and might possibly default on EMI payments. However, each lender has a different set of requirements and criteria for sanctioning loans. So, it is possible that even if multiple lenders reject you, you might have a small chance to qualify with a particular lender who has different

Financial Tips for Married CouplesMarriage makes the world go round – as the popular song lyrics put it! However, marriage can also make your financial world see some upheaval! With marriage comes the financial responsibility of running a family. Many people step into marriage without thinking about the financial aspect of it or how they will manage two incomes, two financial viewpoints, two differing investment preferences, spending and saving patterns, and so

What is the best online loan lenders for bad credit?Are you among those struggling to access credit? A vast majority of people are still not aware how the credit system works in India. Oftentimes, people neglect to keep a good credit score without knowing its repercussions. The full impact of not having a good credit score is only realized when they apply for a loan and get rejected everywhere or are offered unfavorable conditions.Having a good

7 Tips to Keep in Mind while Shopping for Loans It can be quite a nerve-wracking experience to apply for your first loan. Interest rates, repayment terms, preclosure charges, tenure, amount, amortization table – the terms can be new and unfamiliar. Not to worry. Here are some tips to keep in mind when you think of applying for a loan. There is a loan for every need in the market. For instance, you might be facing a medical emergency and might require a personal

Everyone loves weddings, but we might not all have the ready money to celebrate them in the style we would like to. While there is no specific banking term known as wedding loans, you can take a personal loan to cover any expenses you might have in connection with celebrating a wedding in grand style! For many Indians, a wedding is the one event in their lives that they do not hesitate to spend on, and taking a loan might seem like the most viable option. But what do you do if you ha

Credit control is a strategy by which lenders ensure that they lend money only to customers with a good credit record and who have a good probability of paying back their debts. At the same time, credit control also ensures that the company or institution does not extend credit to delinquent borrowers or those who have a poor credit record. Credit control is used by companies and banks to ensure judicious (and profitable) lending and minimizing the possibility of losses due to bad loans. 

The beginning of the year always seems a good time to start good new habits afresh. We usually focus our new intentions on our physical and mental health – but what about our financial health? You don’t have to wait for the next January 1st to make a resolution to pay attention to your financial health and create financial goals for yourself. It is never too late to take stock of your personal finances, take steps to improve your financial health, and remove the stress

Your credit score plays a very important role in the loan-approval process. In general, it is advisable to have a credit score of 750 or above to have a good chance of having your loan application approved and being eligible for the most attractive offers which could include a low interest rate and larger loan amount.Here are five ways in which you can raise your credit score quickly:1. Make full and timely

A credit score is an indicator of your creditworthiness. It is issued in a range of 300-900 with a higher number indicating a higher grade of creditworthiness.

Lenders will see your low score as a reflection of faulty credit behaviour and might be unwilling to offer you a high credit limit.

Every lender first considers your credit score and history before granting a loan. This is why a low credit score may not secure you a loan easily.

Loans have become an inevitable part of our lives. Be it for personal purposes like education, medical, marriage etc or carrying out business operations, people find themselves in need of urgent cash at various points in time.

When you have a high score of 750 or above, banks are reassured that you have a good repayment history and are a low-risk customer.