The FinTech Hub
Source: Live Mint If you are planning to raise a personal loan or applying for a credit card, remember that the lender would assess your credit score to determine your creditworthiness. A credit score, as you would know, is a three digit number that shows the creditworthiness of the borrower based on your credit history. It…
Source: Live Mint Do you use a credit card regularly and happen to delay your bill payment at times? You should remember that the negative information with regards to your credit card and personal loan can stay on your credit report for longer than you can imagine. Not many may be aware that the information…
Source: Live Mint A credit score is a three digit number. It typically ranges from 300 to 850. A figure between these two digits predicts an individual’s creditworthiness and summarizes his or her credit history. Lenders use this score to analyze the risk of lending a borrower with funds. A higher score indicates a lower risk and…
Source: Live Mint Navigating credit card statements sometimes becomes a little complicated, especially for new users. Two crucial terms that usually cause doubts are ‘unbilled amount’ and ‘outstanding balance.’ It is extremely important to understand the difference between the two clearly in a bid to avoid unnecessary charges and in proper credit card management. What is…
Source: Live Mint A poor credit score reflects poorly on not only a person’s finances but even his character. Therefore, if you are someone who has a poor credit score you need to clear your name and ensure that you are able to improve your credit profile and make up for the earlier errors. It is…
Source: Live Mint In recent years, Buy Now, Pay Later (BNPL) services have gained immense popularity among consumers, offering a convenient way to make purchases and pay for them in the set duration. However, as with any financial product, it’s crucial to understand how BNPL can impact your credit score. In this article, we’ll explore…
Source: Live Mint Your twenties is a pivotal time in life – a period of growth, exploration, and laying the groundwork for your future. Amidst the whirlwind of excitement and newfound independence, one often overlooked, yet profoundly significant aspect of adulthood is building your credit history. Establishing a strong credit history in your twenties can…
Source: Live Mint Instant personal loans are offered to you by lenders based on your credit score and overall profile. These loans are approved instantly and do not require collateral. Hence, they are offered with comparatively lesser amounts and higher interest rates. The interest rates offered to you majorly depend on your credit score. What…
Source: Live Mint Credit cards are a great way to make smart transactions. With credit cards, you can have a luxurious lifestyle without burning a hole in your wallet. This is because credit cards provide you exclusive rewards, cashbacks and offers on almost all transactions done from the card. However, credit cards also attract certain…
Source: Live Mint Have you ever come across someone who is not eligible for a credit card because they have a poor or no credit history to build credit. Or the applicant has an income which is lower than the minimum eligibility criteria for the card? Well, this is not unusual. In such cases, banks tend…
