Having no credit history can keep you away from borrowing a loan. Whereas having a good credit score makes it easy for you to get a loan, what to do if you don’t have a credit score yet? Building a credit score from scratch can...
Applied for a loan, but your loan got rejected? Well! Many reasons can cause your application for a loan to be left despite having a good CIBIL score. Applying for a loan involves a lot of documents, decision-making research that needs pre-preparation. Being prepared not only...
If you're planning to apply for credit in the near future, you've probably heard of the term CIBIL score. Have you heard of this term but are unsure what it means? TransUnion or CIBIL is one of the most well-known credit information bureaus in India....
In the financing business, credit scores are an important tool. A person's credit score informs a lender about their creditworthiness and helps them decide whether or not to accept them as borrowers. Similarly, everyone should check their credit score, whether they are an individual or...
There has been a considerable increase in the number of women entrepreneurs across the country in recent years. The Indian government has developed numerous initiatives to support women entrepreneurs financially, including the Annapurna scheme, Udyogini scheme, Mudra yojana scheme, and others. Aside from that, women...
Your CIBIL score is the most important element that lenders consider before approving your loan application. A credit score of 700 or above is considered to be good. So, make sure to get your CIBIL credit report from your bank or you can apply to...
When you apply for a loan or a credit card with a bank or financial institution, the institution would do a credit check to determine your creditworthiness. A good credit score can help you get a loan with low-interest rates. Your credit report contains many...
Your credit score is one of many important indicators of your financial health. Instead of following bad credit practices, it's crucial to develop good credit habits to build and maintain a good credit history. A good credit score is crucial since it ensures that a...
In general, your credit score and debt are closely linked. Your credit score is affected by the amount of debt you have and how you manage and make payments. You must understand the relationship between credit rating and debt, as well as how they are...
CIBIL score decides your eligibility for securing any type of loan. It evaluates your creditworthiness based on your credit history, repayment habits for loans/credit cards, loan application frequency, number of accessible loans, and other criteria. In general, CIBIL Scores range from 300 to 900, and...