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Source: Live Mint In India a credible and strong credit score is crucial for securing personal loans, credit cards, favourable interest rates etc. Given a score of 480 is considered poor, still achieving a score of 750 or higher is still attainable with disciplined and calm financial habits. According to Bhargav Errangi, Founder, POP, “Improving…
Source: Live Mint For numerous Indian students, securing an educational loan is a critical step towards accomplishing academic success. Still, lacking a proper credit score and a clean credit history can pose significant challenges in securing education loans on easier terms. Even in such circumstances, it is important to acknowledge the fact that there are…
Source: Live Mint In a credit card monthly statement, you will see two amounts due. One is the minimum amount due (MAD), and the second is the total amount due (TAD). While making the monthly bill payment, the bank usually gives you three payment options: MAD, TAD, and any other amount. Which out of these…
Source: Live Mint If you are a Union Bank’s Visa Gold credit card user, then the bank provides an elaborate and well-structured grievance redressal process. This process has been developed to help and support Union Bank of India’s Visa Gold credit card users and provide them with seamless and timely resolutions for their credit card…
Source: Live Mint If you are planning to raise a loan – secured or personal – one of the first things that you must do is to find your credit score. This is a three-digit number that reflects your creditworthiness i.e., your ability to repay a loan that you took. Higher the credit score, better…
Source: Live Mint It is not uncommon for some people to have zero credit history. This usually happens with the students and young professionals who do not have a history of using a credit card. Here, we delineate key differences between having low credit score and no credit score. A ‘no credit history’ typically happens…
Source: Live Mint In India’s ever-evolving, dynamic financial landscape, clearly understanding how loan inquiries impact your credit score is of utmost importance. This is important because a low credit score makes it very difficult to secure future loans, credit cards, etc. This can complicate matters during difficult times such as medical emergencies, home renovation work,…
Source: Live Mint In India’s ever-evolving credit distribution landscape, personal loans have emerged as a strategic tool not just for meeting financial needs and aspirations such as health, education, medical expenses, home renovation, etc, but also for boosting and enhancing the creditworthiness of borrowers. When managed sensibly, personal loans can positively influence your credit score…
Source: Live Mint The words “credit” or “debt” can feel quite daunting, especially when you’re just starting on your financial journey. For a long time, young individuals were often advised to avoid borrowing or seeking credit in the early stages of building their financial independence. The belief was that credit was risky, something to be…
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…
