A credit score of 750 or more is generally considered excellent in India. Still, many applicants find themselves in difficult situations, facing denial when applying for premium credit cards. This contradiction clearly highlights that a credit score is important but still, it is not the sole determinant for the approval of premium, high end credit … Read more
If you hold a credit card or have a running personal loan, it is recommended that you check your credit score from time to time. Typically, one should check the credit report at least once a year to stay abreast of one’s creditworthiness. The following are the key reasons why one must check their credit … Read more
A good credit score goes a long way in deciding how easily a personal loan applicant or a credit card applicant will be able to secure their set out objectives. The idea behind a high credit score is to showcase that the borrower has a fairly reasonable credit history and he is always prompt in … Read more
While getting a new credit card can be a sound financial choice, it can have negative effects on your credit score. No matter your reason for getting a new credit card, be it to build your credit more or earn better rewards incentive, it’s very important to understand how new credit cards will influence your … Read more
People have various credit options in the current financial world to manage expenses and achieve financial goals. Two of the most common forms of credit are personal loans and credit cards. This article discusses the suitable occasions for the use of credit cards and personal loans while providing information to empower you to make informed … Read more
In everyday life, we often use the terms credit score and credit report interchangeably to describe the evaluation issued by a credit bureau regarding our creditworthiness. While both serve as tools for lenders and financial institutions to assess an individual’s or business’s creditworthiness, they refer to two distinct aspects of credit evaluation. A credit bureau … Read more
A credit score of 650 is treated as a ‘fair’ score in India by leading credit bureaus. Now given it is not the worst still it can limit access to prime financial products such as premium credit cards or personal loans on low interest rates. As a norm, according to top tier credit bureaus such … Read more
A credit score of 550 is generally considered poor in India. Such a score significantly impacts an individual’s access to credit instruments such as credit cards, personal loans etc. That is why clearly understanding the implications, pros and cons associated with this score and taking proper steps to improve the same are important for an … Read more
A dream car purchase is a major financial decision you must make with great consideration. Therefore, selecting the appropriate financing option is essential so that you do not get yourself into a heavier financial burden. While car loans are specifically designed for vehicle purchases, personal loans can also be used as an alternative. Understanding personal … Read more
As the Indian economy evolves and financial literacy grows among consumers, understanding what constitutes and constructs a good credit score has become immensely crucial. A credit score ranging between 300 and 900 is a numerical summary of an individual’s credit strength, his creditworthiness. This number is given by leading credit bureaus and is used by … Read more