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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 India’s credit bureaus have long worked to raise awareness among borrowers especially as unsecured lending rises. With growing concern over financial literacy, the regulator aims to bust credit score myths and encourage responsible credit credit use. On the same issue, Rishabh Goel, Co-Founder and CEO, Credgenics believes that one should be careful…
Source: Live Mint In India, there is a strong belief that avoiding debt is the best way to stand out and stay away from financial problems. Such a practice also keeps an individual financially healthy. Given this can work for personal budget planning, still it can backfire when it comes to your credit score and…
Source: Live Mint It is important to understand and know about credit scores. So that one is financially healthy in India. Still, there are a few myths when it comes to credit scores which will end up costing you money. This write up is dedicated towards putting to rest some myths about how credit score…
Source: Live Mint It is important for an individual to build and maintain a good credit score. A good credit score helps them get credit cards and loans essential to fulfil important financial goals. However, there are several myths surrounding credit scores. Let us clear some of these myths. Debunking common myths about credit score…
