In India a credit score is an extremely important indicator of an individual’s financial health. It influences personal loan approvals, interest rates, credit card eligibility, future loan approvals, applicable interest rates and tenure period. As of May 2025, a credit score below 650 is generally considered poor. It has the potential to limit access to…
In today’s financial world, having a good credit score is important for loan opportunities, high-interest rates, and reaching financial goals. It is important to note that when used responsibly, credit cards can be very effective to help you build and better your credit. This is a long and detailed example of how to use credit…
A loan default can be a huge emotional and financial blow. Besides damaging your credit score, it may affect any future lending opportunities you will have. But don’t worry, you can fix your credit profile and financial situation if you take the right steps and get on the right path. Understand the impact of loan…
With how important a good credit score is for loans, favourable interest rates, and even your job prospects, having a high credit score is becoming more and more essential in today’s borrowing climate. If you have short or bad credit histories, secured credit cards represent a viable way of establishing creditworthiness. Understanding secured credit cards…
Education today in India has become more expensive, especially for those who enrol in prestigious universities or take higher education abroad. Education loans sometimes act as a financial lifeline for students pursuing academic dreams. But what happens when, in the case of education loans, the bank wants additional assurance. A lesser-known, but crucial, stakeholder in…
In India, boosting your credit profile or enhancing your credit score during periods of unemployment is quite challenging but it is still achievable. A strong credit score is crucial for future financial opportunities, including but not limited to securing flexible personal loans and premium credit cards. Smart ways to improve your credit score during unemployment…
In our generation, healthy saving habits were instilled early on through the simple gift of a piggy bank. Any money we received, be it as birthday gifts or rewards for our achievements, was encouraged to be saved in the piggy bank and used wisely when we wanted to buy something. This practice was a foundational…
In today’s world, credit reports and credit scores have become synonymous with financial health and stability. These tools, once primarily used by banks and financial institutions to assess a borrower’s creditworthiness, are now influencing far more aspects of a person’s life. From determining eligibility for a loan to impacting job opportunities, insurance premiums, the reach…
In today’s financial backdrop a solid credit score is important for securing favourable loan terms, credit card approvals along with securing other credit lines such as home loans, education loans etc. That is why aspirational borrowers should focus on aiming to boost their individual creditworthiness swiftly. This can be achieved by implementing responsible financial habits…
In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire process easier along…
