Mar 02, 2021 10:10 AM IST
Not having a borrowing history and signing as a guarantor can pull down your scores. Here are five common myths on credit scores dispelled for you
- Dec 30, 2020 09:35 AM IST
You can own more than one credit card, depending on your needs. But make sure you pay your dues on time
- Dec 15, 2020 10:13 AM IST
A recent report from State Bank of India suggests a massive rise in online credit card usage. If used carelessly, credit cards can wreck your finances
- Nov 24, 2020 11:12 AM IST
Diwali’s excitement may have led some of us to go overboard on spending. But if you have already overspent this festive season, there are ways to limit the burden
- Oct 27, 2020 09:48 AM IST
You must ensure that you make loan repayments regularly, as the moratorium period has ended
- Oct 20, 2020 09:50 AM IST
You must always factor in your repayment capacity within the next due date before making credit card spends
- Sep 29, 2020 09:42 AM IST
Stay alert to breach of financial data and when you redeem cashback offers while shopping from partnering merchants
- Sep 10, 2020 09:29 AM IST
Due to processes internal to a credit bureau, a data point may be rejected or missed
- Sep 03, 2020 11:25 AM IST
Bad credit scores attract higher interest rates
- Aug 25, 2020 11:58 AM IST
Language has often been a barrier for many loan customers
- Jun 29, 2020 10:20 AM IST
We expect a drop in approval rates for all major retail products
- Jun 16, 2020 08:52 AM IST
Every time you skip an EMI or a credit card payment, your scores get impacted
- Mar 16, 2020 08:53 AM IST
Spending power in the hands of a child may appear risky. But if done with proper safeguards, there are life-long learnings for the youngster
- Jan 28, 2020 09:08 AM IST
In several instances, the borrower gets to know of the impaired credit history only while applying for a new loan
- Dec 06, 2019 09:00 AM IST
We have seen borrowers taking multiple loans for specific needs such as travel, lavish marriage, medical emergency, etc.
- Oct 18, 2019 10:17 AM IST
A borrower should maintain a credit score of 760 and above throughout the tenure of the loan to get lower interest rates
- Sep 06, 2019 09:12 AM IST
A credit report is a very valuable document which can make or break your chances of availing a loan.
- Sep 05, 2019 09:18 AM IST
Lenders prefer customers with stable or predictable cashflows
- Aug 29, 2019 11:57 AM IST
The SlicePay card offers no-cost EMIs of up to six months when you buy products from select merchants through the app
- Jul 30, 2019 09:34 AM IST
Every credit card may have a different due date and credit limit, so one can leverage it to the maximum. These are choices customers need to make based on their lifestyle and usage.
- Jul 02, 2019 10:06 AM IST
You can improve your chances if you make a higher down payment while purchasing a home, show substantial savings and have a good credit score.
- Apr 28, 2017 11:08 AM IST
If you have multiple credit cards, you need to manage each of their payment cycles systematically.
- Apr 21, 2017 11:11 AM IST
If your credit score is zero, it means you do not have a credit history. With no credit history, banks have no data to assess your repayment behaviour and you will be profiled as a ‘risky’ prospect.
- Apr 12, 2017 02:19 PM IST
There are various factors that influence a credit score, major being - payment history, credit utilization ratio, length of credit history, type of credits (secured v/s unsecured) and number of inquiries.