Don’t cut up that card yet! How closing a credit card can drag your credit score. Here’s how to minimise impact | Mint

Closing a credit card might seem like a simple and straightforward financial decision, especially if you are trying to cut down on unnecessary spending or avoid hefty fines and late payment fees. However, in India, this move can immensely impact your credit score and your overall credit profile in a negative way. That is why … Read more

Credit score: How to diversify your credit mix strategically? Find out | Mint

Your credit score needs to be enhanced in order to secure loans and credit cards at fair rates of interest. One of the most effective means of diversifying your credit mix and how exactly it can serve to enhance your creditworthiness will be illustrated below in this write-up. Knowing credit mix Credit mix refers to … Read more