Credit Score
CIBIL Score for Home Loan: All You Need to Know
A person’s CIBIL score is a three-digit numerical value that is given to them by TransUnion CIBIL. It is one of the first things that any financial institution sees after receiving a borrower’s application for a home loan. CIBIL Score is one of the key factors that determine your eligibility for securing a loan as ... CIBIL Score for Home Loan: All You Need to Know
- Prateek Agrawal
- 19 November 2022 • 6 min read
CIBIL Score Calculations: How is your CIBIL score calculated?
The CIBIL score of an individual is a crucial factor in determining their creditworthiness. Lending institutions refer to this score when sanctioning loan applications. Therefore, a higher CIBIL score increases the chance of credit approvals. What is a CIBIL Score? CIBIL score is a three-digit number reflecting the past credit behaviour of an individual. Credit ... CIBIL Score Calculations: How is your CIBIL score calculated?
- Nishant Prasad
- 17 November 2022 • 5 min read
Credit Score Vs Credit Report: What’s the Difference?
Credit score vs credit report play a significant role when individuals apply for any form of credit. This article highlights the differences between a credit report and a credit score. What is a Credit Score? The credit score is a three-digit numerical value that indicates the risk factor associated with lending money to an individual. ... Credit Score Vs Credit Report: What’s the Difference?
- Anshul Gupta
- 16 November 2022 • 4 min read
Everything you Need to Know About Credit Monitoring
To maintain financial discipline and mitigate the risks of potentially fraudulent activities, thoroughly monitoring an individual’s credit history is essential. This way, an effective screening process remains in place to protect one’s personal financial information in case of widespread data infringement. What is Credit Monitoring? Credit monitoring is a service that tracks an individual’s financial ... Everything you Need to Know About Credit Monitoring
- Prateek Agrawal
- 16 November 2022 • 6 min read
Loan Settlement and Its Impact on Your Credit Score
Borrowers frequently believe that ‘loan settlement’ and ‘loan closure’ are synonymous. Not only are they different, but they also have an opposite impact on your credit score. If you plan to ask your lender for a loan settlement, doing so might result in you paying less overall. However, it will negatively impact your credit score. ... Loan Settlement and Its Impact on Your Credit Score
- Jatin Pareek
- 15 November 2022 • 6 min read
How Does Making Minimum Payments Affect Credit Scores?
Your credit card provider tracks your repayment history to generate reports that are sent to the credit bureaus each month. Although credit card users are required to pay the total outstanding balance for a particular billing cycle, at times they fail to do so and pay only the minimum amount due. Knowing that you can ... How Does Making Minimum Payments Affect Credit Scores?
- Nishant Prasad
- 13 November 2022 • 6 min read
11 Common Myths about Credit Score
Credit score plays a vital part when you apply for any form of credit/loan. It is a critical factor considered during loan applications or credit card requirements. However, due to a lack of knowledge and awareness, there are several myths about credit scores. In this article, we are going to bust those misconceptions and show ... 11 Common Myths about Credit Score
- Prateek Agrawal
- 13 November 2022 • 6 min read
Insights on Credit Report, Credit Score, and Credit Rating
Credit reports, scores and ratings play crucial roles during loan approval stages. Financial institutions carefully check these to ensure that loan applicants are creditworthy and they have repaid their previous loans on time. Nevertheless, although these terms may appear very similar, they serve different purposes. Continue reading to find out what credit reports, credit scores, ... Insights on Credit Report, Credit Score, and Credit Rating
- Jatin Pareek
- 16 October 2022 • 8 min read
