The FinTech Hub
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 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 In a major step towards improving the timeliness and accuracy of credit reporting, the Reserve Bank of India (RBI) has introduced a new policy mandating banks to report credit bureau accounts on a 15-day cycle from January 1, 2025. This shift from the earlier monthly cycle is expected to give lenders and…
Source: Live Mint A 900 credit score is epitome of financial discipline. But can we achieve it and does it make a significant financial impact from almost perfect? Let’s strip out the myths from reality. What is a 900 credit score? Indian credit scores range between 300 and 900, of which 900 is issued by…
Source: Live Mint Digital lending apps have changed the face of money borrowing for Indians in recent years, as instant and hassle-free loans are getting offered with minimal paperwork. Now it is a given that digital lending applications have been a credit revolutioniser, they also raised some valid questions and concerns about credit scores. Hence,…
Source: Live Mint If you are a credit card holder then proper credit management is extremely crucial for you. It will help you in maintaining a healthy financial history. Further, one way to raise your credit score is by raising your credit limit. Still, you should aim to do it without damaging your credit score….
Source: Live Mint Initially in India it was all about loans and credit cards when it came to maintaining a good credit score. Things are changing now. Timely payment of rent can now significantly contribute to the growth of your credit score, opening doors for improved financial opportunities, easier availability of future loans and a…
Source: Live Mint A higher credit score not only improves the chances of loan approval but also determines the interest rate and repayment terms offered by the lender. Lenders such as banks and NBFCs share repayment information with credit information companies, which calculate the score. This score significantly influences loan accessibility and affordability. It is,…
Source: Live Mint Boosting your credit score is key to getting the best loan rates and financial products. A credit score is nothing but a representation of an individual’s credit profile. The higher your credit score is, the better it is. Therefore, if you want to enhance your credit score in three months, follow the…
Source: Live Mint It is important to understand and know about credit scores. So that one is financially healthy in India. Still, there are a few myths when it comes to credit scores which will end up costing you money. This write up is dedicated towards putting to rest some myths about how credit score…
