The FinTech Hub
Source: Live Mint Company Credit Report (CCR) is a document that provides information about the credit history and financial health of a company. A CCR is a very important device for the lenders, creditors and business companions to assess the creditworthiness and financial stability of a business. For companies looking to maintain a strong position…
Source: Live Mint Modern times combined with easy access to financial data has made credit score fraud more likely to occur than at any previous point in history. Theft of personal information by unauthorized parties leads to account openings and loan applications made in your name thus harming your creditworthiness. This article looks at credit…
Source: Live Mint To manage your financial health effectively, it is important to know your Equifax credit score. Equifax is one of the authorised credit bureaus in India and it provides its customers with their credit reports and scores. You can access Equifax credit score both online or offline. Understanding the Equifax credit score The…
Source: Live Mint Two important resources for managing your own financial affairs are your credit score and your credit report. But the landscape of credit scoring can be a bit confusing given the many forms of scores and reports that are out there. The many varieties of credit scores and reports are outlined in this…
Source: Live Mint Discovering unauthorized queries in your credit report is a gut punch. It can signal potential fraud and impact future access to credit. Time counts to protect your financial well-being. Here is how to tackle those suspicious entries: Notify the credit bureau immediately: Call your respective credit bureau directly. Report the unauthorized inquiries…
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 Using a credit card affects your credit score in a number of ways. The factors which determine your score include the payment history, credit utilisation ratio and the length of credit history, among others. Here explain each of them in detail: 1. The payment history: When you make payment on time, it boosts your…
Source: Live Mint When used judiciously, credit cards can offer several benefits like instant discounts/cashbacks, up to 50 days interest-free credit period, complimentary airport lounge access, reward points, etc. However, if the monthly bill is not paid by the due date, the cardholder has to pay finance charges and monthly interest of up to 3.75%…
Source: Live Mint History holds significance as it helps understand past events, which aids in making sense of the present, and taking informed decisions for the future. For financial institutions (FIs), such as banks and non-banking financial companies (NBFCs), understanding the history of a customer in terms of how he/she has managed credit in the…
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…
