When we talk about the financial journey of any individual, the three-digit number i.e. the Credit Score holds a special place in an individual’s financial life. Whether you want to opt for a loan or want to have a credit card in your pocket, you...
Read MoreMoney & Management – The Two Aspects of Your Credit History
Broadly speaking, the pillars of your credit history are ‘Money’ and ‘Management’. Whether a credit history is good or bad will depend on how you have scored on these two. A good credit history is vital to ensure you get fresh credits in the...
Read MoreWhat Does NH Mean in CIBIL Score?
Credit Information Bureau of India Limited (CIBIL) TransUnion provides you a free credit score. And the score is calculated using the type of loan you borrowed, the credit request you made, and due payments. These factors determine your CIBIL score...
Read MoreFive Credit Score Myths Busted
A credit score carries immense value for people wanting to apply for a loan or credit card. A good score of 750 and above makes the approval of loans or credit cards more of a formality. Whereas, scores below 650 or so make it tough for you to get...
Read MoreWhen Should You Check Your Credit Score?
A credit score is a measurement that indicates how much money you can borrow. The score, which varies from 300 to 900 in India, is given to people who have had credit for at least 6 months to a year. A credit score of 750 or more is regarded as...
Read MoreThings to Avoid If You Want to Maintain a Good Credit History
Getting a loan or credit card is dependent on your payment history. If you default on a credit card bill or loan EMI payment, your credit history will be poor. It could disqualify you from the approval race. So, if you don’t want any such hassles,...
Read MoreHow do Loans Affect Credit Score?
Every person faces a certain situation where he/she would need urgent funds. This urgency can be tackled by opting for a different type of loan provided by several banks and financial institutions. If you have any personal needs such as marriage,...
Read MoreWill the Recent RBI Announcement of 3-Month Moratorium across All Retail Loans Affect Your Credit Score?
To support the middle class and small businesses facing the financial stress caused by the Coronavirus pandemic, the Reserve Bank of India (RBI) announced that all banks, Non-banking Financial Companies (NBFCs) will have to allow a moratorium period...
Read MoreCan I Take a Credit Card to Build My Credit Score?
Not having a credit score means you don’t have a credit history, and so, there won’t be any credits coming your way! The ending line stays true but not entirely. Yes, you can still get a credit card by which you can build your credit history....
Read MoreHow is the Credit Score Calculated in India?
Isn’t it amazing to know how credit bureaus assign you a credit score anywhere from 300 to 900? What are all parameters they use to calculate credit scores of individuals in India? Let us tell you that the parameters include the repayment history,...
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