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Source: Live Mint As an individual grows older and approaches retirement, financial security becomes a top concern. While pensions and savings remain the primary focus for many, a good credit score is equally significant. A credit score, generally ranging from 300 to 900, reflects an individual’s creditworthiness. A higher score indicates better creditworthiness. Furthermore, any…
Source: Live Mint If your credit score is high, it is quite easy to be able to get a personal loan offer at a low interest rate. On the contrary, if your credit score is poor, getting an offer itself is a big deal. And if you are lucky enough to procure a loan, the…
Source: Live Mint Whenever an individual applies for a credit product like a loan or a credit card, the bank evaluates whether they can approve or reject the application. Among the various eligibility criteria, an important one is to assess whether the individual will repay the credit extended. It is done by evaluating the individual’s…
Source: Live Mint There are numerous ways to improve your credit score. Some of the basic ways entail maintaining a healthy credit lifestyle by paying your credit card bills on time, keeping credit card utilisation below 30 percent and limiting your hard credit inquiries. It is noteworthy to mention that credit rating agencies, as per…
