California based analytics software firm FICO has recently announced the launch of FICO Score in India. The company provides credit scoring services in the United States and is also rolling out an alternative data score, FICO Score X Data India. The two credit rating services- FICO Score and FICO Score X Data India- will help […]
Today , having a high credit score is considered essential in order to get new credit and many people put a lot of effort in managing their scores in a better way. However, many times, willingly or unwillingly, we make mistakes that can negatively impact our credit score. Even worse, in many cases, we do […]
The Reserve Bank of India, India’s apex bank, has set up a new high level task force which would focus on developing a Public Credit Registry (PCR) according to a Hindu Business Line news report. This high level task force is expected to help develop a road map designed to help provide a roadmap for […]
Credit Information Bureau of India (CIBIL), India’s first credit information company, and the Reserve Bank of India, the country’s central bank, are in talks to introduce a credit ratings system designed specifically to rate online shoppers. Currently, India is ranked third globally with approximately 228 million online shoppers and there is no method of profiling […]
A good credit score is a valuable asset today. As it reflects good credit behaviour in the past and lower probability of defaults in the future, it prompts the lenders to favorably treat borrowers with good credit score. Borrowers with good credit score receive faster approval of their loan and credit card applications at mostly […]
