The FinTech Hub
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 There are numerous potential reasons why a credit card application can be rejected, and the applicant is left confused. Knowing the reasons in advance can enhance your approval prospects the next time. It can also provide insights into things one should remember while applying for a credit card. Knowing these, you can…
Source: Live Mint It can become very confusing to understand how your credit score is fluctuating all the while you are regularly paying your bills in time. Here are some reasons which could lead to a drop in your credit score even if you are prompt in paying your bills. High credit utilization ratio Your…
Source: Live Mint The most recent report from the Federal Reserve Bank of New York reveals that credit card debt in the United States has reached a record high of $1.21 trillion. Though the record high figure indicates the fiscal situation in the United States, it also holds valuable lessons for Indian cardholders, given that…
Source: Live Mint Having a credit card kept away, unused, might easily seem harmless, but it can still have surprising consequences for your credit health. Here’s what credit card holders need to know about inactive credit card accounts: Dormancy and potential closure: Credit card companies in India can declare your card dormant if it is…
Source: Live Mint If you have a credit card or are planning to get one, it is crucial to understand credit scores, as they determine your future financing options. A good credit score makes it easier to apply for loans with lower interest rates, while a poor credit score can lower your chances of obtaining…
