The FinTech Hub
Source: Live Mint In the economic world increasingly defined by digital transactions and virtual wallets, the role of credit cards in shaping credit health remains pivotal. Keeping the same in mind, it is important to acknowledge the fact that the most effective strategy for many credit card holders may not be frequent swipes, but rather…
Source: Live Mint As more borrowers in the country become credit conscious and monitor their credit scores, myths and speculations about what truly influences creditworthiness continue to circulate. Today as things stand due to rapid increase in personal loan defaults, credit awareness is at an all time high. Yet misconceptions persist, often leading to unnecessary…
Source: Live Mint For any business to thrive, especially MSMEs (Micro, Small, and Medium Enterprises), it is crucial to understand that what truly matters is who is at the helm of the business. Whether it’s the proprietor, a partner, or the directors, the individuals running the business play a significant role in determining not just…
Source: Live Mint In India if you default on a personal loan, it can have a long lasting negative influence on your credit profile and your creditworthiness. Credit bureaus such as TransUnion CIBIL, CRIF High Mark, Equifax and Experian among others maintain records of such defaults for up to seven years from the date of…
Source: Live Mint In India, boosting your credit profile or enhancing your credit score during periods of unemployment is quite challenging but it is still achievable. A strong credit score is crucial for future financial opportunities, including but not limited to securing flexible personal loans and premium credit cards. Smart ways to improve your credit…
Source: Live Mint In today’s financial backdrop a solid credit score is important for securing favourable loan terms, credit card approvals along with securing other credit lines such as home loans, education loans etc. That is why aspirational borrowers should focus on aiming to boost their individual creditworthiness swiftly. This can be achieved by implementing…
Source: Live Mint In India’s rapidly evolving financial landscape, clearly understanding what lenders foresee or find out from your credit score is crucial. As a general rule, currently a credit score of 750 or above is considered excellent. Such a high credit score and unblemished repayment history significantly influences loan approvals by making the entire…
Source: Live Mint In India sustaining an accurate credit report and a robust credit score is crucial as it directly impacts personal loan approvals and also influences applicable interest rates. Still, discrepancies can occur potentially influencing your financial prosperity. The Reserve Bank of India (RBI) has implemented measures to ensure timely updates and accuracy in…
Source: Live Mint As borrowing and lending is becoming digital in India, the borrowers are increasingly careful about their credit scores and the integrity of their credit profiles. Every borrower now clearly understands and recognises the importance of the impact that multiple loan inquiries have. That is why it is always prudent to inculcate responsible…
Source: Live Mint A growing number of borrowers are facing loan rejections from major banks such as HDFC Bank, SBI, Kotak Bank among others. This is a consequence of subpar credit scores. As lending institutions tighten lending rules and norms, maintaining a very strong credit profile has become crucial for securing personal loans, credit cards…
