Microfinance borrowers are a vulnerable lot and lenders need to assess credit appropriately.
The RBI reported a total of 1,039 complaints against the credit information companies.
By demanding the appointment of nodal officers at every credit institution, assigning a financial penalty for delay in redress of customer grievances, and regular updates to the customers on access of their credit information reports, one can expect the industry to be more customer-friendly.
Due to processes internal to a credit bureau, a data point may be rejected or missed
Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, R
Small steps on the right path can help you build your credit score
It is advisable for home loan seekers to obtain a credit report, before applying for a large loan, such as a home loan. This report, which provides a person‘s credit score, can be obtained R
Credit score is a tool many lenders use while deciding if they should lend money to a borrower. However there are many myths surrounding credit report. Do read to get answers to some questions most borrowers want to ask
Prime Property gives tips on what all goes into you getting a home loan. Prime Property reach out to a credit bureau Experian. Mohan Jayaraman, Country Manager of Experian India gives us more details.
A Mumbai-based credit advisory company is helping individuals up their credit scores