Tips to maintain Financial Stability when taking a Work Sabbatical
Taking an extended leave from your job requires careful financial planning and goals-driven activities. As an adult working member of a family, you might surely have many responsibilities which require a steady flow of monthly income. More often than not, this is the single biggest reason that discourages people from taking an extended career break. […]
How to Improve your Financial Health in 2022
Financial health refers to an individual’s potential to meet any emergency financial crisis without hampering his/her daily lifestyle. 5 Reasons Why Your Financial Health is Important in 2022 Financial Emergencies– Uncertainties prevailing around us are increasing day by day. In such a time, one can only be financially sound if they have an emergency fund, which […]
Loan rejected due to bad CIBIL Score
What creates a good CIBIL Score? CIBIL, which is the most common credit bureau, puts anyone with little credit history and people with a very high risk of default in the range of 300 credit score. However, there are chances your score may be less than 300 when you have no credit history. In this […]
What creates a good CIBIL Score?
The credit score is a three-digit numeric summary of your credit history, which is compiled from various financial institutions, lenders, and banks. The value ranges from 300-900, where 300 is the lowest score and 900 is the best score. CIBIL, which is the most common credit bureau, puts anyone with little credit history and people […]
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 […]
What are the Legal issues for a Personal Loan Default in India
Money without any security would mean high interest rates are charged by the banks on these types of loans as this would in future become a risky situation for a bank. The banks do not give these types of loan to everybody the banks give personal loan to a person who has a good track […]
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 […]