In India sustaining an accurate credit report and a robust credit score is crucial as it directly impacts personal loan approvals and also influences applicable interest rates. Still, discrepancies can occur potentially influencing your financial prosperity. The Reserve Bank of India (RBI) has implemented measures to ensure timely updates and accuracy in credit reporting by…
History holds significance as it helps understand past events, which aids in making sense of the present, and taking informed decisions for the future. For financial institutions (FIs), such as banks and non-banking financial companies (NBFCs), understanding the history of a customer in terms of how he/she has managed credit in the past is critical…
A good credit score is one of the pre-requisites for obtaining a loan. The credit score is mainly dependent on your credit report. But what happens if your loan application is rejected due to inaccuracies and outdated data on your previous loans in your credit report? The decision to grant a loan entirely depends on…
