[ad_1] It is not uncommon for some people to have zero credit history. This usually happens with the students and young professionals who do not have a history of using a credit card. Here, we delineate key differences between having low credit score and no credit score. A ‘no credit history’ typically happens when someone…
[ad_1] In India’s ever-evolving, dynamic financial landscape, clearly understanding how loan inquiries impact your credit score is of utmost importance. This is important because a low credit score makes it very difficult to secure future loans, credit cards, etc. This can complicate matters during difficult times such as medical emergencies, home renovation work, etc. Hence,…
[ad_1] In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score and your…
[ad_1] The words “credit” or “debt” can feel quite daunting, especially when you’re just starting on your financial journey. For a long time, young individuals were often advised to avoid borrowing or seeking credit in the early stages of building their financial independence. The belief was that credit was risky, something to be avoided unless…
[ad_1] Credit Score: Whether you are applying for a car loan, home loan, personal loan, or even a credit card, commercial banks tend to check your creditworthiness. This is measured by a three-digit number between 300 and 900, known as a credit score. Numerous factors influence your credit score, including your payment history, overall credit…
[ad_1] The relevance of timing cannot be underestimated in personal finance, especially when applying for credit cards. Even though there are many shiny new perks or offers that might be motivating you to apply immediately to several credit cards in a row, applying too fast will be harmful to your credit rating and ability to…
[ad_1] A credit score of 650 is considered average at best in India. This score has the potential to limit access to premium financial products and services. With this score it becomes very difficult to secure premium credit cards, fair and reasonable interest personal loans, easy home loans etc. Now, elevating this credit score in…
[ad_1] 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…
[ad_1] 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…
[ad_1] 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…
