The FinTech Hub
Source: Live Mint To be considered eligible for any financial need like home loans and credit cards, one has to have an elevated credit score. To keep and elevate a good credit score requires preparation and a sense of initiative, too. Here, we will include seven practical suggestions to enable you to work on bettering…
Source: Live Mint A credit score is a three-digit number that helps lenders assess your eligibility for loans or credit cards. This score is calculated by credit bureaus based on your credit history, as mentioned in your credit report. Hence, it is extremely important that you maintain a healthy credit score to get faster approvals…
Source: Live Mint If you use a credit card, you should remember that spending more than the ideal credit limit is not recommended. It not only throws your financial plan into disarray but can also adversely impact your credit score. The ideal credit utilisation ratio is 30 percent. If your credit limit is ₹7 lakh,…
Source: Live Mint A credit score is very important while applying for credit cards or loans as it plays an important role in determining your eligibility. This score indicates your creditworthiness which helps the lender determine the risk in offering you a loan. If you pay your EMIs and bills on time it will help…
Source: Live Mint Credit score might be one of the most critical figures in any adult’s life. It reflects your borrowing and repayment habits, as documented in your credit history. Among the factors influencing your credit score are hard inquiries, often misunderstood but can significantly affect your financial standing. Let’s delve into what hard inquiries…
Source: Live Mint If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Credit score plays a vital role in determining your eligibility for borrowings. Lenders also pay close attention to your credit score for granting…
Source: Live Mint Floater credit cards or supplementary credit cards can be quite useful for meeting the financial requirements of a family. A floater credit card is an additional credit card that shares the credit limit with the primary card. These cards can be given to a family member, say a spouse. Virtual credit cards…
Source: Live Mint Your credit score is extremely crucial when it comes to determining your eligibility for borrowing funds. Lenders pay high attention to your credit score as it helps them understand your financial situation and also evaluate your creditworthiness. Your credit score gives a general overview of your credit history as well as your…
Source: Live Mint If you have decided to apply for a personal loan, then your credit score will play an important role in determining your eligibility for the loan as well as the interest rate which you will get. Personal loans generally charge higher interest rates as compared to other loans offered in the market…
Source: Live Mint Your credit score determines a lot, from low interest on loans to premium credit cards. But with any credit rating, there comes the cost of maintaining it. Keeping a good credit score is indispensable in achieving your financial goals. Learn how to achieve an excellent credit rating using this guide and seven…
