The FinTech Hub
Source: Live Mint In India, a bounced cheque can have an immensely negative impact on your overall integrity. It can also have serious legal and financial consequences. Now, given a single instance of a cheque bounce may not directly impact your credit score, repeated occurrences of such events can indirectly affect your creditworthiness, integrity along…
Source: Live Mint To lay the groundwork for future financial goals, students need to build a robust credit score. This helps them maintain a clean credit profile and boosts their repayment capacity. A clean credit profile and strong credit score, anything above 750, helps immensely when applying for loans and new credit cards, renting apartments…
Source: Live Mint To combat the ever-rising number of credit card defaults in India, leading financial institutions and banks have implemented strict rules for recovering overdue amounts. Kotak Mahindra Bank, in accordance with Reserve Bank of India (RBI) regulations, ensures that overdue recovery notices are delivered to credit card users seamlessly. This process involves several…
Source: Live Mint Maintaining a clean credit profile and a good credit score is essential for securing personal loans, credit cards and other similar credit instruments. Due to the recent Reserve Bank of India regulations, Indian credit card users can now cross-check their credit scores for free through the official websites of authorised credit bureaus….
Source: Live Mint Personal loans have become more popular among people who want to finance several needs, such as: medical expenses, education or business growth and expansion etc. But funding business through a personal loan is a little complicated and has several issues to be considered before applying for it. Here are five significant things…
Source: Live Mint Credit inquiries are important to help you maintain your credit score to as high a number as possible. In India, there exist two distinct kinds of credit inquiries: Hard inquiries and Soft inquiries. Both are for different purposes and have varying implications on your credit score, personal loans interest rates and associated…
Source: Live Mint In India, where car ownership is now becoming the norm, it is helpful to know about the variables that influence car insurance premiums in order to be able to manage your finances in the best possible way. While everyone knows about variables such as the make of the vehicle, age of the…
Source: Live Mint Maintaining a healthy credit score is important for securing loans and credit cards at favourable and easy interest rates. Still, missing even a single EMI can immensely impact your credit score in a negative way. Potentially dropping it by 100 points or even more. That is why understanding how to deal with…
