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 Personal loans have become an increasingly popular financial instrument. However, defaulting on a personal loan can result in severe consequences for borrowers. It’s imperative to understand the outcomes of failing to repay a personal loan for good personal finance practices. Below are some important points that should be kept in mind when…
Source: Live Mint How subscription payments affect credit scores is a big question in India right now, with the ever-increasing consumption of digital products. This is a consequence of the ever-rising awareness of credit and debt products and the ease of using credit instruments such as credit cards, personal loans and small loans. Read the…
Source: Live Mint Petrol pumps in India are becoming hotspots for credit card fraud, with incidents of card skimming and fraudulent transactions on the rise. To keep your financial information secure, users should exercise caution when using credit cards at petrol pumps and gas stations. Card skimming is a method used to steal personal data…
Source: Live Mint Balance transfers together with loan refinancing help people address the challenges associated with debt management. These debt reduction solutions have separate functions for your finances although they fulfil different goals depending on your financial needs. Knowledge about credit points stands essential for making wise financial decisions that respect your monetary targets. What…
Source: Live Mint Your credit score needs to be enhanced in order to secure loans and credit cards at fair rates of interest. One of the most effective means of diversifying your credit mix and how exactly it can serve to enhance your creditworthiness will be illustrated below in this write-up. Knowing credit mix Credit…
Source: Live Mint A 53-year-old Hyderabad woman lost ₹2.29 lakh recently to a credit card scam. This isolated incident is just a pointer to increasing credit card frauds in India and an alert to credit card users to stay careful. How did the scam unfold? The victim received a call from someone posing as the…
Source: Live Mint Knowing the factors influencing credit score while availing of loans and credit cards in India is vital. Though everyone is aware of most of the key drivers, there are some hidden factors that influence credit scores that the borrowers themselves are not aware of. These important factors impact credit scores and are…
Source: Live Mint Pre-closing a personal loan from any bank is a good financial decision, but one must be cautious while doing so by keeping certain important points in mind. Firstly, a personal loan is a very risky line of credit that borrowers avail. This is risky because it comes with the potential of higher…
Source: Live Mint Closing out old accounts of credit is a serious decision when it comes to your credit score, one that most people are unaware of. With so many Indian consumers looking for ways to mend their credit well-being, it is important to look at the effect closing out old accounts has. This particular…
