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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 Personal loans are unsecured loans which provide you with quick access to funds for your personal needs. Since personal loans do not require collateral, the eligibility criteria for loans are highly dependent on the credit score as well as your income. Hence, if you have a low credit score, your chances of…
Source: Live Mint Imagine this – Over 119 million Indians are actively monitoring their credit scores, with a majority emerging from rural and semi-urban areas. This growing financial consciousness is not just a trend but a quiet revolution reshaping India’s economic foundation. Technology is dismantling traditional barriers to financial inclusion, and the importance of maintaining…
Source: Live Mint Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. As a result, when you need the credit, you may not…
Source: Live Mint Whenever you apply for a loan or a credit card, your credit score plays an important role in determining whether the bank will approve or reject your application. While most people know this fact, there are many interesting facts about the credit score that you may not know. So, let us understand…
Source: Live Mint Credit cards are a great way to save smartly on your transactions and earn exclusive rewards and discounts on your favourite brands. Credit cards may affect your credit history and also impact your credit score as well as your future loans. If you utilise your credit card appropriately, it can help you…
Source: Live Mint As a student, managing finances can become tough sometimes. Building a credit score can help you get lowest interest rates while applying for loans. A healthy credit score also helps you get your desired credit cards with a high spending limit and exclusive deals. As a student, credit building could look like…
Source: Live Mint Are you someone who is planning to start their credit journey? Credit scores play a vital role in determining your credit worthiness and your eligibility for loans and credit cards. If you are new to credit, then building a strong credit score will help you get lowest interest rates and quick approvals…
Source: Live Mint From home improvements to surprise medical costs, personal loans are great for a majority of uses. But an interest rate is a vital ingredient that plays a huge role in how much your loan will ultimately cost. Your credit score helps to determine the interest rates. Here’s a closer look at how…
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…
