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.
- Apr 11, 2017 05:31 PM IST
- Mar 31, 2017 04:16 PM IST
About 20-35 percent of the near 40,000 consumers of Cibil have paid off any balance dues after checking their score.
- Mar 21, 2017 02:48 PM IST
- Mar 07, 2017 10:29 AM IST
Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrower‘s profile before handing out loans.
- Mar 03, 2017 03:45 PM IST
Banks assess an applicant‘s potential to pay back a loan in terms of various parameters including his credit score, age, source of income.
- Feb 25, 2017 04:58 PM IST
Bad credit scores can often be the reason why a bank will reject your loan application. CreditSeva is among the startups trying to remedy this problem.
- Feb 23, 2017 03:46 PM IST
It is better to do the home work before signing above the dotted line. Home loans being large and long term liability it makes all the more important to understand what matters.
- Feb 15, 2017 02:07 PM IST
It is not difficult to fund your business with borrowed money, but do not fall victim to myths.
- Feb 06, 2017 08:00 AM IST
There are various factors that determine whether you will get a home loan or not. Consequently, it is advisable to know your home loan eligibility in advance, so that you can plan the purchase R
- Jan 20, 2017 08:00 AM IST
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
- Jan 19, 2017 01:24 PM IST
It is better to know about credit score in detail before applying for a loan or a credit card.
- Jan 16, 2017 04:50 PM IST
An important advantage of a pre-approved loan is that you know your spending limit. It also helps in striking a better deal with the developer.
- Jan 12, 2017 04:15 PM IST
Customers with a good loan repayment track record and strong financials may get loans which are at least 50-75 basis points cheaper than a customer with a bad credit score.
- Dec 28, 2016 03:30 PM IST
A few right steps can help you appear creditworthy in the eyes of bank.
- Nov 24, 2016 04:53 PM IST
While trying to pay off your debts is a good move, it is not always financially advantageous.
- Nov 15, 2016 08:15 AM IST
Payday loans can turn out to be extremely expensive for you due to the high-interest rates and a lot of other hidden reasons. Instead, a personal overdraft is a better choice to make where a borrower can get credit on-the-go without any tedious formalities and paperwork.
- Nov 07, 2016 11:04 AM IST
Keeping your credit utilization ratio low is a smart thing to do, as most financial institutions and lenders use this as a parameter to assess a person‘s credit-managing abilities.
- Nov 01, 2016 06:13 PM IST
Before you make a decision about lending to a friend, it‘s important to know and to understand why he needs money from you.
- Oct 19, 2016 04:23 PM IST
It allows purchasing what we cannot afford in the immediate present and converting our 'wants' into 'needs'.
- Oct 10, 2016 12:05 PM IST
With the increasing aspirations of the young generation, along with astronomical prices of houses, most home buyers today, seek to avail of home loans to fund their property purchase. However, there are various factors, R
- Sep 27, 2016 04:34 PM IST
Also known as credit card takeover loan, this can help you get rid of credit card debt.
- Jul 19, 2016 01:00 PM IST
A home loan is one of the best options, to arrange the funds needed for buying a home. Generally, it is easy to avail of a home loan, if the applicant has all the R
- Jul 01, 2016 06:07 PM IST
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