Category: Credit Score

The credit profile of your family member stays active even after their unfortunate demise. Even though most of us get their investments and savings realised, we often ignore reporting it to credit bureaus. Reporting the death ensures closure of financial accounts and prevents misuse or fraud in their name. Why Reporting the Death of a…

Credit score is one of the primary factors considered at the time of availing loans and credit cards.  It is calculated based on a borrower’s credit history. However, new-to-credit applicants who have never taken a loan or credit card do not have a credit score. Without a credit score, it can get difficult to avail…

Paying off all debts on time is one of the most important factors in maintaining a high credit score, and even a single missed repayment or default can severely impact your credit score. Let us understand how you can plan your repayments smartly to improve your credit score and maintain high creditworthiness. 1. Pay All…

Your credit score is important for availing loans and credit cards. However, once such loans or credit cards are issued, how you handle the credit product impacts your credit score. In a similar manner, your credit score starts getting impacted once you take a home loan. Read the article to know how the home loan…

Planning a wedding, a home renovation, or managing an unexpected expense? A personal loan can be a lifesaver in situations where you need access to funds quickly and can repay them in EMIs over a period. You would be well aware that a good credit score makes it easier for you to get a personal…

Credit score is an important factor that lenders consider at the time of approving your credit application. A disciplined credit behaviour enables you to maintain a high credit score, which in turn helps in getting credit applications approved without much difficulty. A default in your credit report can reduce your credit score and severely impact…

Credit score is an important requirement for availing a loan or a credit card. A good credit score can increase your chances of credit approval, whereas a low score can lead to rejection. When you apply for a loan or credit card, a lender carries out an institutional enquiry to assess your creditworthiness. Consumers with…

Financial emergencies can occur anytime, and they can damage your regular finances. It can make repaying dues a tough ask and may lead to late payments, and sometimes, to default. Eventually, your lender may ask you to settle the loan account at a lower amount. Should you settle the account or not? How does a…