Myths about Credit / CIBIL Score
CIBIL aims to bring in more transparency to the loan approval process in the country, in that customer now have an understanding of the seminal factors which lenders analyse to gauge creditworthiness. CIBIL reports, generated on a monthly basis (as mandated by the RBI), help lenders evaluate and approve or reject loan applications, as the […]
Top 10 FAQs about Credit Score
1. How can I improve my CIBIL Score? You can improve your CIBIL Score by maintaining a good credit history, which is essential for loan approvals by lenders. Follow these 4 steps which will help you better your score: The following factors are to be considered in case to improve your Credit Score:- 1. Make […]
Credit / CIBIL Disputes
CIBIL score is a three digit score which determines a borrower’s creditworthiness based on their past credit history and behaviour. However, there might be discrepancies in this score and the consumer CIBIL report in various areas such as the name, address, outstanding balance, dates, loans, etc. In such circumstances, a CIBIL dispute can be raised to […]
Personal Loan without CIBIL
A Personal Loan is an unsecured loan given to a salaried person with a decent credit score. A credit score is thus an important determinant for any applicant for taking a loan. It defines your creditworthiness and helps us approve your loan application. However, your credit score is necessary for us to evaluate your value […]
Is Your CIBIL Score Getting You Down
One of the most important markers of your financial wellness is your credit score. Unfortunately, in India, there is a lack of understanding about credit scores and their relevance in one’s life. You may improve your credit score by following some fundamental rules. However, even if you were doing something you felt was beneficial, the […]
12 ways to get Business Loan with low CIBIL Score or Bad Credit
The Indian economy is constantly growing with small businesses. Business loan seems like a dream come true. Sometimes, to avail a business loan in India, several challenges arise. 1. Secured Business loans Secured loans are where the person/s when starting a new business can pledge any asset like gold or property that they have as […]
How to raise my Credit Score?
It pays to have a good credit score. A high score can get you better and quicker loans. However, a low CIBIL score can be terrifying for those individuals who have an urgent need for money; this can affect their borrowings adversely. You can build up your credit score with these 10 smart moves. However, […]
7 ways Students can build Good Credit Score
A good Credit Score is a key factor for a lot of important things in life. It will come into play when you apply for a car loan, a mortgage and credit cards. However, a good credit score may also be a factor in ways that you haven’t thought of. One of the most exciting […]
7 reasons to check your Credit Report
A lender generally uses a loan or credit card applicant’s credit score to evaluate the person’s eligibility to avail of these facilities. The lender also factors in the person’s credit score while fixing interest rate for loan repayment. Therefore, it is essential for borrowers to maintain good credit scores. To do so, one can fetch one’s credit […]
How to Dispute Errors in your Credit Report?
Credit bureaus in the country collect individual data and prepare a credit report. They also calculate the credit score using their proprietary algorithm. However, there could be errors in your credit report that can hamper your chances of getting a loan approval. If you identify an error on your credit report, you should start by […]