The FinTech Hub
Source: Live Mint If you have a credit card but you have not been able to use it in a long time, then it is not uncommon. There are a number of people who sign up for credit cards for rewards, introductory offers, or emergency use—but later forget about them. However, leaving an unused card open isn’t…
Source: Live Mint Your financial security in the credit-driven society of present times depends highly on your credit score. The three-digit number demonstrates your creditworthiness to lenders and controls your access to both low interest rates and loan approvals. The leading credit bureau Experian develops credit reports along with scores using information they receive from…
Source: Live Mint People in the middle class struggle with financial needs that outstrip what their available funds can cover while dealing with medical crises along with major expenses including weddings or higher education. A personal loan serves as an ideal solution when urgent financial requirements exceed available funds. Users need to understand all the…
Source: Live Mint A credit score is an important metric of your financial liquidity. This is a three-digit number that gives an indication of your creditworthiness. Lower the credit score, poorer the creditworthiness and conversely, higher this number – higher the creditworthiness. Before banks offer loans to someone, they tend to judge a person’s creditworthiness via…
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 There are numerous potential reasons why a credit card application can be rejected, and the applicant is left confused. Knowing the reasons in advance can enhance your approval prospects the next time. It can also provide insights into things one should remember while applying for a credit card. Knowing these, you can…
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 Did you check your credit score recently to realise that your credit score is abysmally low or lower than your expectations? The common reasons for a low credit score could be missed EMI or credit card payments, defaulting on loans, high credit utilisation ratio and multiple loan applications (hard inquiries). It is…
Source: Live Mint If your credit score is high, it is quite easy to be able to get a personal loan offer at a low interest rate. On the contrary, if your credit score is poor, getting an offer itself is a big deal. And if you are lucky enough to procure a loan, the…
Source: Live Mint It can become very confusing to understand how your credit score is fluctuating all the while you are regularly paying your bills in time. Here are some reasons which could lead to a drop in your credit score even if you are prompt in paying your bills. High credit utilization ratio Your…
