Credit score plays an important role in securing a credit card or raising a personal loan on convenient terms. And when someone’s credit score is absymally low i.e., below 600, s/he finds it hard to get a loan at a low rate of interest. What will you do when your credit score is lower than … Read more
A sudden drop in your credit score can be a shock, especially when you do not know why this has occurred. For borrowers in India, a good credit score is the key to taking personal loans and credit cards at the minimum rate of interest possible. That is why knowing about your credit score drop … Read more
Did you apply for a credit card and it was declined because of a poor credit score? Else, you want to apply for a personal loan and realised that your credit score is too poor to make the cut. If that is the case, be aware that you are not alone. There are a large … Read more
In today’s consumer-driven world, buying electronic gadgets and more has become much easier with attractive EMI (Equated Monthly Instalment) options. EMI options have given consumers the flexibility to make high-value purchases without immediate full payment, enabling better financial management. Among the various EMI options available, no-cost EMI stands out as an attractive choice for many. … Read more
Q: What do lenders see when they look at my credit report for sanctioning loans? Lenders check your credit report to assess your creditworthiness. They evaluate the risk associated with lending to you based on the credit score and your borrowing and repayment history. Lenders will look at A) Your credit utilisation, or the amount … Read more