The FinTech Hub
Source: Live Mint Credit products like loans and credit cards can play an important role in achieving various life goals and improving the quality of life. However, a good credit score is one of the important criteria for banks to approve any loan or a credit card. In this article, we will understand what kind…
Source: Live Mint In India a credible and strong credit score is crucial for securing personal loans, credit cards, favourable interest rates etc. Given a score of 480 is considered poor, still achieving a score of 750 or higher is still attainable with disciplined and calm financial habits. According to Bhargav Errangi, Founder, POP, “Improving…
Source: Live Mint While getting a new credit card can be a sound financial choice, it can have negative effects on your credit score. No matter your reason for getting a new credit card, be it to build your credit more or earn better rewards incentive, it’s very important to understand how new credit cards…
Source: Live Mint A credit score of 550 is generally considered poor in India. Such a score significantly impacts an individual’s access to credit instruments such as credit cards, personal loans etc. That is why clearly understanding the implications, pros and cons associated with this score and taking proper steps to improve the same are…
Source: Live Mint As the Indian economy evolves and financial literacy grows among consumers, understanding what constitutes and constructs a good credit score has become immensely crucial. A credit score ranging between 300 and 900 is a numerical summary of an individual’s credit strength, his creditworthiness. This number is given by leading credit bureaus and…
Source: Live Mint As financial literacy, knowledge of credit management, credit scores and credit profiles etc., continues to gain traction across the country, understanding what constitutes a good credit score has become increasingly important, especially for residents of metropolitan cities such as Bangalore. It is important to remember that a strong credit score goes a…
Source: Live Mint Understanding credit scores for a two-wheeler loan application should be a top priority specifically, your credit score is important for a two-wheeler loan application as part of the blocking-off decisions during the approval process. This article provides an overview of the importance of having good credit scores for two-wheeler financing. Understanding credit…
Source: Live Mint Applying for a loan is a significant financial choice, and it is crucial to be aware of how it will impact your credit score. Borrowers are often concerned about whether a loan denial will damage their credit worthiness, and to protect and improve your financial well-being, this article examines the links between…
Source: Live Mint A lot of people may be shocked to discover that a loan can still be declined even if they possess a good credit score. While this may be infuriating, it is important to understand that your creditworthiness encompasses more than a three-digit number. Lenders will review multiple factors before they solidify their…
Source: Live Mint Whether it is about raising a loan or applying for a fresh credit card, what banks tend to check before they approve your application is the level of your credit score. A high credit score not only helps you secure a loan on convenient terms, but it also enables you to get it at…
