The FinTech Hub
Source: Live Mint A credit score of 800 or above is generally considered excellent. However, many individuals with such high credit scores still face rejections, delays, and disappointment when applying for two-wheeler loans in India. According to Partha Sengupta, Chief Operating Officer at Radian Finserv, “Even with a credit score of 800, a loan application—such…
Source: Live Mint A credit score of 580 is generally considered subpar, that is, below the usual standard, in India. This can hinder access to favourable loan terms, credit cards and other premium credit products. However, with strategic financial planning and the development of sound money management habits, borrowers can significantly improve their credit scores…
Source: Live Mint Having a credit card and not using it might seem like a smart, responsible way to manage your finances. Well, not always while the credit card is unused it seems harmless, many credit card holders don’t understand the consequences of inactivity and how it relates to their credit score. Let’s dig a…
Source: Live Mint Aiming for an 800 plus credit score is a good financial goal as it can elevate your profile to the level of ‘extra ordinary’ people. With this score, you can access best interest rates on loans, premium credit card offers, and very convenient terms on loans. Here, we give a snapshot of…
Source: Live Mint Credit cards are financial instruments that offer flexibility, convenience and seamless digital payments. However, relying too heavily on paying only the minimum amount due can lead to a dangerous cycle of debt. While making only the minimum payment might seem like a short-term solution to avoid late payment penalties, it carries serious…
Source: Live Mint Closing a credit card might seem like a simple and straightforward financial decision, especially if you are trying to cut down on unnecessary spending or avoid hefty fines and late payment fees. However, in India, this move can immensely impact your credit score and your overall credit profile in a negative way….
Source: Live Mint To lay the groundwork for future financial goals, students need to build a robust credit score. This helps them maintain a clean credit profile and boosts their repayment capacity. A clean credit profile and strong credit score, anything above 750, helps immensely when applying for loans and new credit cards, renting apartments…
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 Credit cards are a convenient way to make smart transactions while earning cashbacks and rewards on your favourite brands. The cards come with exclusive offers on shopping, hotel booking, entertainment and on your daily payments. Your credit score is important when you apply for a credit card as it is what is…
Source: Live Mint In India, the know-how of your credit card limit is critical for maintaining a healthy credit score. Although individuals pay attention to the date of payments and outstanding debt, the credit limit takes centre stage when it comes to determining your financial wellbeing. This write-up is dedicated to how your credit card…
