The FinTech Hub
Source: Live Mint If you never held a credit card and never took a loan then the chances are that your credit profile does not exist. This means the bank may refuse to give you a credit card or a fresh loan. This is a common problem among young loan seekers who have recently started earning and…
Source: Live Mint You must understand how marriage affects your credit score so you are aware, in control and are always the head of your money life. Therefore, to put it simply, your marriage does not have any impact on your credit score because your marriage status is not kept by credit bureaus such as…
Source: Live Mint Your financial well-being depends on having an accurate credit report. Errors can harm your credit score and impact your potential to secure loans or credit cards. What is a credit score dispute? A credit score dispute is a process through which you can raise disputes or inaccuracies in your credit report that…
Source: Live Mint A robust business credit score is important for securing favorable financing terms and easy business loans. It also helps in sustaining good financial health. Whether a company needs money for infrastructure, equipment, working capital etc., a good business credit score will always go well for availing easy business loans. Therefore, by diligently…
Source: Live Mint With credit cards, you can avail exciting rewards and deals which can help you save on your expenses. You can enjoy cash backs and exclusive offers from travel to grocery shopping and much more that can elevate your experience. However, if you do not plan your credit card usage, you may end…
Source: Live Mint Whenever an individual applies for a credit product like a loan or a credit card, the bank evaluates whether they can approve or reject the application. Among the various eligibility criteria, an important one is to assess whether the individual will repay the credit extended. It is done by evaluating the individual’s…
Source: Live Mint To build and maintain a good credit score, you must access your credit report and score and monitor it regularly. Similarly, when you apply for a credit product, the financial institution has to access your credit report and score. Depending on who accesses your credit report and score, you or the financial…
Source: Live Mint The financial market has transformed over the years which has revolutionised the entire lending and borrowing process. One of the major innovations which has reshaped the sector are loan aggregators. These platforms connect lenders and borrowers efficiently and transparently, which act as a bridge in meeting challenges such as accessibility, cost-efficiency, and…
Source: Live Mint How can I check if I’m pre-approved for a consumer durable loan, and does it save time in the application process? -Name withheld on request Pre-approved consumer durable loans are a fast and hassle-free way to finance big-ticket purchases. These loans are typically offered by banks and non-bank lenders to existing customers…
Source: Live Mint To be considered eligible for any financial need like home loans and credit cards, one has to have an elevated credit score. To keep and elevate a good credit score requires preparation and a sense of initiative, too. Here, we will include seven practical suggestions to enable you to work on bettering…
