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...
Every individual wishes to own a car, but few can afford one. Individuals might use car loans to fulfil their dreams of owning a car. These car loans not only make it easier to acquire a car, but they also provide you enough time to...
Among all other loans, a personal loan is one of the easiest loans to obtain if he/she is not a CIBIL defaulter. If you are not on the CIBIL defaulters list, then a personal loan is a good option for you. However, the interest rate on the personal...
In general, a PAN card is a unique identification number issued by the Indian government to all taxpayers. A PAN card displays a ten-digit alphanumeric code that helps the authorities to keep a record of the financial activities of an individual across all platforms. In...
Errors in credit reports can be a frequent phenomenon. It can be ranging from incorrect personal details to wrong credit accounts. These errors will negatively impact your credit score while making it more difficult to obtain a loan or a credit card. Hence, it is...
Addictions to alcohol, cigarettes, gambling, drugs, and other substances are few examples of common addictions among people. The newest addition to this list of addictions, believe it or not, is Credit card addiction. Yes, you heard that right! Credit Cards can be addictive. But what happens...
Most of the financial institutions check your credit score whenever you apply for a loan. Your CIBIL score provides a fair indication to the financial institution about your creditworthiness and repayment ability. As a result, if you have a good credit score, lenders will view...