Many credit cards often tempt users into closing their cards for good reasons. High annual fees, excessive debt, poor spending habits, or simply having too many cards to manage may cause cancellation to look like a smart choice. Some may…
Applying for a credit card in India? Unsure what CIBIL score you need? Don’t worry, we’ve got you covered. While there’s no set minimum, a strong CIBIL score can significantly improve your chances of approval and unlock better credit card…
One thing that plays a crucial role in determining your creditworthiness, which decides how eligible you are to get the loan sanctioned. A score of less than 700 will trigger an alert that you might struggle to repay the loan.…
One’s credit score is crucial for financial health in the financial world. CIBIL (Credit Information Bureau (India) Limited) is the main organisation in India. The range is between 300 to 900 which determines the credit score. A Healthy credit score…
CIBIL score as popularly monographed online is a metric of your debt payback proclivity. It was introduced so that lenders have a fair assessment of the risk-to-reward ratio they are undertaking when lending to a potential debtor. The higher the…
Credit inquiries play a significant role in credit scores. These inquiries represent instances where credit reports have been accessed for evaluation. However, the impact on credit scores hinges on the type of inquiry conducted. This discourse will delve into the…
Yes, incessant delays in your debt obligations can be impediments to your credit score. Though the degree of subversion varies according to the length of the delay, the impact dealt nevertheless is far from innocuous. Credit score, in elementary terms,…
In today’s lending world, credit scores often dominate loan approvals, leaving those with low scores at a disadvantage. However, new personal loan apps now assess repayment ability in a better way—considering spending behaviour, income stability, and history—making it easier for…
Generally, removing a loan enquiry from the CIBIL credit report is quite not possible if the inquiry is legalised. When you apply for a loan or credit card, their inquiries are recorded and for a certain period, they remain on…