The FinTech Hub
Source: Live Mint As an individual grows older and approaches retirement, financial security becomes a top concern. While pensions and savings remain the primary focus for many, a good credit score is equally significant. A credit score, generally ranging from 300 to 900, reflects an individual’s creditworthiness. A higher score indicates better creditworthiness. Furthermore, any…
Source: Live Mint A good credit score is important to help you get better loan deals and improve your eligibility chances for credit cards. But if you are facing problems such as differences in your credit report or if you want to raise disputes, then you need to contact your respective credit bureau’s customer care…
Source: Live Mint Your credit score determines your ability to get loans or mortgages and obtain an apartment through rental agreements in various financial aspects. Your creditworthiness determination depends on lenders seeing how you handle money through your score. Equifax India operates as the credit bureau in India through its legal entity Equifax Credit Information…
Source: Live Mint Life’s most consequential change of status brings extensive social transformations and emotional impacts which also affect your financial situation. Joint financial decisions made with your spouse will impact both your creditworthiness regardless of how marital union does not immediately merge credit scores. Knowledge about how marriage impacts your credit can assist you…
Source: Live Mint People need high credit scores today more than ever during this competitive economic period. Doing business with superior credit requires establishing trust and obtaining financial resources when seeking start-up funding from lenders or seeking supplier discounts or optimizing cash flow management. The strategic guidelines here will help organizations improve their creditworthiness thus…
Source: Live Mint It is often emphasised that credit card users should check their credit report at least once in a year. This not only helps them stay updated of their creditworthiness, but also flags any error which may have cropped up for no fault of theirs. What does one do in case there is an error…
Source: Live Mint Missing an Equated Monthly Instalment (EMI) payment by a day in India can result in serious fines along with a blow to your credit score. Lenders are tightening policies, and it is crucial that the borrower knows the effects of late payments and how to be exempted from them. Concept of late…
Source: Live Mint In this article, we will understand how a joint loan application helps, and its impact on the credit score and report of both borrower and co-borrower. Also, how two individuals can apply for a loan as a co-applicants. Usually for higher amount loans like a home loan or a Loan Against Property…
Source: Live Mint With the speed of finance today, monitoring your credit health like an eagle has never been more important. For Indian consumers, where credit access is becoming a necessity for everything from home loans to personal loans, frequent credit report updates are no longer a luxury, they are a must. Hence, understanding how…
Source: Live Mint Credit score is an important metric which banks and other financial institutions check before they take a decision whether to disburse a loan or not. There are a number of credit bureaus which enable users to check credit score. When the credit score is high, banks and NBFCs are more than willing to…
