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No, a person cannot improve his/her credit score by buying it for money. There is no such thing as good credit score for sale. All you can do is get your own credit report and find the issues that are deterrent to good credit health. Once you have identified the negative issues, take action to clear them.

It is tough to estimate how much and how long your credit score will get affected as a lot of factors go into computing the credit score. However, a credit card settlement will influence your credit score negatively and will remain in your credit report for up to 8 years unless you clear your outstanding dues.

Though 697 is not a very good score, it is not a bad score as well. Having a credit score 750 and above will get you credits at favourable terms. With your score, you can definitely get a loan or credit card, but you may not have the negotiating power to get the better terms.

Before applying for the personal loan, you need to check the eligibility criteria of the bank and proceed with the application. In some cases, the bank where you hold an account offer pre-approved personal loan offers. This saves a lot of time of loan processing and documentation.

Now there are financial institutions such as Shriram City Union Finance that offers personal loans to individuals who do not have a credit score. However, you may have to check other eligible criteria such as income, employment etc.

Absolutely yes, a person can have both a personal loan and a home loan. If you had taken a personal loan earlier and are looking for a home loan, banks do offer you the home loan provided your debt to income ratio is not above 50%.

Yes, a person can have a personal loan as well as a home loan. If you previously took out a personal loan and are now seeking a home loan, banks will consider your application as long as your debt-to-income ratio does not exceed 50%.

The reasons for a personal loan rejection generally remain the same across all banks except for one thing that every bank has its own internal policies in giving out loans to the worthy borrowers.

A lot of factors constitute a good credit score. Increasing your credit score takes a considerable time, good mix of credit and above all consistent repayment of your loan and credit card bills. You can follow some of the steps mentioned below to increase your credit score considerably.

There are so many reliable online lenders and NBFCs who provide small loans to individuals with bad credit. Instead of using credit score to evaluate creditworthiness, many lenders use alternative methods like social media, income and employment.

Bad credit is the result of your poor finance management. It could be due to past dues, negative accounts, or errors in your credit report. it is difficult to get a credit card with a bad credit and it won’t improve your bad credit any way.

Getting a new credit card will not fix your bad credit score in anyway and with a bad credit score, it is difficult to get a credit card from the lenders. However, if you still want to get hold of a credit card, you can get a secured credit card against your fixed deposit.

Credit score of 575 is considered a not the best score when it comes to get loans from the banks. However, as home loans are secured loans, you are likely to get it approved with unfavourable terms and conditions. The interest rate may be higher with a low credit score.

It is hard to determine how much time it will take to improve your credit score without knowing your current credit standing.

Having any score above 750 is a good one that can open window of loan and credit score offers. With the excellent credit score of 815, you can get loans at better terms. This score is a sign of good credit behaviour and lenders prefer customers like you.

The interest rate set on your loans is mostly depended on the monetary policies of the of central bank. Keeping a check on the demand and supply, the rates are adjusted to ensure stable prices and liquidity.

Checking your credit score or getting your credit report does not affect your credit score in any way. You can get your credit report from credit bureaus once in a year for free.

Getting a perfect 900 credit score will demand a huge financial discipline and above all time and patience. Any score above 750 is a good one and opens window of loan and credit card offers. To obtain a score anywhere above 800, you may have to follow the steps given below.

You can upgrade your existing house with a home improvement loan given by a bank. Since you have bad credit, it could be little difficult for you to get a home improvement loan. However, you can find a lender who would offer you a loan. But the rate of interest could be slightly higher than you expected as you have a bad credit.

Ideally speaking, it is all in your hands to improve your credit score as it requires a certain good financial behaviour. You will not have a credit score if you have not taken a loan or used a credit card so far. In case you have a bad credit score, you can always improve it by clearing the past negative issues or paying the bills and loans consistently.

Individuals with bad credit can get a home equity loan from most of the banks. But the terms may not be favourable to you as you have a bad credit. You can get up to 70 to 80% of the loan to the value of your home. The interest rate may be slightly higher for you with bad credit.