Myths about Credit / CIBIL Score
CIBIL aims to bring in more transparency to the loan approval process in the country, in that customer now have an understanding of the seminal factors which lenders analyse to gauge creditworthiness. CIBIL reports, generated on a monthly basis (as mandated by the RBI), help lenders evaluate and approve or reject loan applications, as the […]
Top 10 FAQs about Credit Score
Quick check: Found a lender name on your CIBIL report that you don’t recognise? See what to do about an unknown lender on your CIBIL report, or look it up in our directory of RBI-registered lenders. For example, see our pages on Indcredit Fincap and R.K. Bansal Finance. 1. How can I improve my CIBIL […]
Credit / CIBIL Disputes
CIBIL score is a three digit score which determines a borrower’s creditworthiness based on their past credit history and behaviour. However, there might be discrepancies in this score and the consumer CIBIL report in various areas such as the name, address, outstanding balance, dates, loans, etc. In such circumstances, a CIBIL dispute can be raised to […]
Is Your CIBIL Score Getting You Down
One of the most important markers of your financial wellness is your credit score. Unfortunately, in India, there is a lack of understanding about credit scores and their relevance in one’s life. You may improve your credit score by following some fundamental rules. However, even if you were doing something you felt was beneficial, the […]
Credit Card Truth
There’s no doubt about it credit cards offer the utmost in convenience. They’re accepted everywhere and since you only get a bill once a month, you don’t have to have any cash available to pay for things when you purchase them. Quick check: Found a lender name on your CIBIL report that you don’t recognise? […]
How to raise my Credit Score?
It pays to have a good credit score. A high score can get you better and quicker loans. However, a low CIBIL score can be terrifying for those individuals who have an urgent need for money; this can affect their borrowings adversely. You can build up your credit score with these 10 smart moves. However, […]
7 Warning Signs of Wrong Credit Card Usage
A credit card is definitely an addition to your financial assets, but did you know that this little plastic card can cost you a pretty penny if not used in a disciplined way. The wrong usage of credit cards can turn the boons into bane, negatively affect your credit score and land you into major […]
7 reasons to check your Credit Report
A lender generally uses a loan or credit card applicant’s credit score to evaluate the person’s eligibility to avail of these facilities. The lender also factors in the person’s credit score while fixing interest rate for loan repayment. Therefore, it is essential for borrowers to maintain good credit scores. To do so, one can fetch one’s credit […]
How to Dispute Errors in your Credit Report?
Credit bureaus in the country collect individual data and prepare a credit report. They also calculate the credit score using their proprietary algorithm. However, there could be errors in your credit report that can hamper your chances of getting a loan approval. If you identify an error on your credit report, you should start by […]
Credit Card over Limit Fee
Each credit card comes with an upper limit for spending in a billing cycle. This is called the Credit Limit. A credit limit is set on your card when it is issued. The limit is set based on your credit score, your income and other factors like the amount of debt already held by you. The policies […]