The FinTech Hub
Source: Live Mint 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…
Source: Live Mint In everyday life, we often use the terms credit score and credit report interchangeably to describe the evaluation issued by a credit bureau regarding our creditworthiness. While both serve as tools for lenders and financial institutions to assess an individual’s or business’s creditworthiness, they refer to two distinct aspects of credit evaluation….
Source: Live Mint A credit score of 650 is treated as a ‘fair’ score in India by leading credit bureaus. Now given it is not the worst still it can limit access to prime financial products such as premium credit cards or personal loans on low interest rates. As a norm, according to top tier…
Source: Live Mint While repaying a credit card debt can provide immediate financial freedom, it also often causes a credit score to drop. Once you have settled a debt, it is important to rebuild your credit if you have future financial plans. This article lists useful ways to improve your credit score after a settlement….
Source: Live Mint As the Indian economy evolves and financial literacy grows among consumers, understanding what constitutes and constructs a good credit score has become immensely crucial. A credit score ranging between 300 and 900 is a numerical summary of an individual’s credit strength, his creditworthiness. This number is given by leading credit bureaus and…
Source: Live Mint Whenever you apply for a loan or a credit card, the bank makes a credit enquiry, which is reflected in your credit report. Such enquiries appear at the bottom of your CIBIL report under the “Enquiry Details” section. Once in a while, you may come across an inquiry that you don’t recognise….
Source: Live Mint With India’s socio-economic landscape rapidly evolving—driven by a growing young population entering the credit market and rising consumption demand in rural areas—financial management has become an increasingly important topic. This shift has brought greater focus on financial education and literacy, particularly in the realm of personal finance, lending, and borrowing. Financial literacy…
Source: Live Mint A pre-approval is often a common step to receive financial products such as credit cards, mortgages, or car loans. It is important you understand how these pre-approvals affect your score to ensure you are not compromising your financial health. This content will discuss the effects of pre-approvals on credit scores, explain soft…
Source: Live Mint Applying for a loan is a significant financial choice, and it is crucial to be aware of how it will impact your credit score. Borrowers are often concerned about whether a loan denial will damage their credit worthiness, and to protect and improve your financial well-being, this article examines the links between…
Source: Live Mint If you have an SBI credit card, then you can contact the customer service for your queries and problems. The SBI card customer service is available round the clock to assist you with starting from bill inquiries to reporting an unauthorized payment so that your issues can be resolved immediately. Here are…
