Credit Worthiness: What is its role in credit score and personal loan applications? Find out | Mint

Credit Worthiness: What is its role in credit score and personal loan applications? Find out | Mint

Source: Live Mint Whenever an individual applies for a credit product like a loan or a credit card, the bank evaluates whether they can approve or reject the application. Among the various eligibility criteria, an important one is to assess whether the individual will repay the credit extended. It is done by evaluating the individual’s…

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Credit card swipe charges: What they are and how they impact your wallet? | Mint

Credit card swipe charges: What they are and how they impact your wallet? | Mint

Source: Live Mint Credit card swipe charges, also termed as interchange fees. These are charges imposed on a user every time they use their credit cards for transactional purposes. These charges cover operational expenses such as fraud prevention, processing along with taking care of payment infrastructure. They are controlled and determined by card networks such…

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