Credit Bureau Showdown: Comparing CIBIL and Experian in India
When it comes to credit scores, CIBIL and Experian are two of the most well-known credit bureaus in India. Both of these companies are responsible for collecting and maintaining credit data for millions of people in India, and both offer credit scores and credit reports to help individuals understand their creditworthiness. In this article, we’ll […]
What Is the Purpose of ECN Number in CIBIL
The ECN number in your CIBIL report is a crucial identifier that helps both credit information companies and lenders access your detailed credit history. Located in the top right corner of your report, this number serves as a unique reference for all your credit reports and financial data. The CIBIL report holds vital information about […]
How to Get a Clean CIBIL Record by Changing the Written Off Status?
How to Remove Written off Status from CIBIL Record? Tips to Change Written Off Status from CIBIL Record Your credit score is one of the most important factors of your creditworthiness when applying for a loan or credit card. An individual’s credit score and history are recorded in a CIBIL report, including the number of […]
Don’t be a Victim of Phishing Scam? Perfect Know-how
Know How Don’t Be A Victim Of Phishing Scam Have you ever come across any suspicious email, motivating you to click on a link? Hold on!!! Never do so. Because a single click and the hacker could sneak into crucial database. Yes, we’re talking about the phishing scam engulfing the business world and common population. […]
WHAT IS RBI’S DIGITAL RUPEE (CBDC) IS IT CRYPTOCURRENCY?
WHAT IS RBI’S DIGITAL RUPEE (CBDC)? As a financial services innovation, The Reserve Bank of India (RBI) is planning to launch a digital currency using blockchain technology in 2022-23. It is a central bank-backed digital or virtual/ cryptocurrency that has grown in importance over the last decade. With this innovation, CBDCs are likely to play […]
HOW DOES BUY NOW PAY LATER HELP YOUR BUSINESS?
Buy Now Pay Later BNPL, or Buy Now Pay Later, is a direct microloan with a specified limit that facilitates budget-conscious buyers who opt for small-ticket buying and repay the amount they have borrowed later on. It is not a secured loan and must be paid within a repayment cycle of 14 – 90 days, […]
ARE CASH CREDIT AND OVERDRAFT FINANCIAL PRODUCTS SAME?
CASH CREDIT AND OVERDRAFT Business both small and medium need timely influx of money to run their daily operations smoothly without any hiccups. However, in certain conditions a business may require cash for their long-term or short-term goals. In such cases, there are two options available for taking a loan for business needs: This article […]
ADDING POSITIVE CREDIT HISTORY TO YOUR CREDIT REPORT
POSITIVE CREDIT HISTORY More companies are looking at your credit history when considering whether or not to do business with you, so having a good credit history is more important than ever. To get a home loan, rent an apartment, buy a car, get a good insurance rate, and even find a job, you’ll need […]
WHY DO CREDIT CARD ISSUERS LOWER CREDIT LIMITS?
CREDIT CARD ISSUERS Credit card issuers can often increase or decrease credit limits without notice, even lowering your limit to the point where you have no credit available. If you don’t have any accessible credit, you won’t be able to make any purchases until you clear some of your current debt. Sometimes, they generally cut […]
WHAT HAPPENS IF YOU ONLY PAY THE MINIMUM ON YOUR CREDIT CARD?
The way a customer uses his or her credit card might have a big impact on his or her credit score. It’s critical to pay your credit card payments on time and keep your credit card balance low because it has a direct impact on your credit score. However, lenders may learn a lot about […]