The FinTech Hub
Source: Live Mint Your twenties is a pivotal time in life – a period of growth, exploration, and laying the groundwork for your future. Amidst the whirlwind of excitement and newfound independence, one often overlooked, yet profoundly significant aspect of adulthood is building your credit history. Establishing a strong credit history in your twenties can…
Source: Live Mint Managing credit card bills can be difficult, especially when the bill amount is large. To take away this financial burden, many credit card issuers give you the option to convert the bill amount into Equated Monthly Instalments (EMIs). Although this may provide you temporary relief, it is important to know how this…
Source: Live Mint Credit cards are now an integral part of modern money management, as they offer not only security and convenience but also opportunities to save cash and get rewards. You may maximize the benefits of your credit cards with the right strategies. Here we will look at valuable tips, tactics, and considerations to…
Source: Live Mint Do you own a credit card that you do not use on a regular basis? Should you, in such a case, simply discontinue the card or wait for the right time? Let us understand how it may impact your profile. It is noteworthy to mention that the decision to close your card…
Source: Live Mint Personal loans are becoming increasingly popular today as a quick solution for many people. They provide access to funds for various needs, such as school fees, emergency surgeries, home renovations, or even travel. While personal loans offer easy access to money, managing and repaying the debt effectively is crucial. In this scenario,…
Source: Live Mint Do you hold a credit card and plan to procure one more amid some confusion and doubts? If that is the case, then it is vital to remember that holding more than one card is not unwise as long as you use both rationally. One of the key advantages of having two…
Source: Live Mint The credit utilisation ratio on your credit card is an important financial metric that lenders consider while approving a loan. If your credit utilisation ratio is above normal limits, the chances of you getting a loan comes down significantly. Here is a primer on credit utilisation ratio, how it works and how…
Source: Live Mint Your creditworthiness is depicted by your CIBIL score, which is a three-digit figure normally ranging from 300 to 900. It is one of the prime factors which lenders consider when deciding to accept your application for a credit card or loan. Knowing the guidelines and factors that govern your CIBIL score is…
Source: Live Mint However, not all these factors affect your credit score equally. Your repayment history, for instance, matters much more than the number of hard enquiries on your credit report. A hard inquiry, also known as a hard pull or hard credit check, is when a lender or financial institution reviews your credit report…
Source: Live Mint A personal loan comes in handy when you need urgent funds as it does not require any collateral and can be utilised for multiple purposes. However, if you need a personal loan for emergency purposes, you need to know various factors that determine your eligibility to get one. One such factor that…
