Middle class Indians have grown up with the belief that living on credit is essentially a bad thing. You are in trouble if you think the same, cautions Rajiv Raj
Here's why it happens and how you should avoid it.
For millions of Indians, this number has become one of the most important financial indicators. It can influence not only whether a bank approves a loan but also the interest rate you pay, the credit limit you receive and, in some cases, how quickly your application is processed.
Over the past three years, the appointments of 20 candidates selected through the Institute of Banking Personnel Selection were cancelled or offers were withdrawn due to poor credit history.
It's not about how much you earn -- it's about how you borrow and repay.
Loan defaults are not the only reason why you get a low credit score. Rajiv Raj of CreditVidya.com debunks five popular credit score-myths.
There is a fair amount of half-baked knowledge and myths propagated that makes people wary about how credit bureaus function and credit rating takes place.
Sometimes being a good borrower and repaying your loans before time can also lead to a drop in your credit score
Correct your friends the next time they try to scare you; offer them tips on how they can improve their credit scores if they are poor borrowers
Harshala Chandorkar of CIBIL answered your credit score related queries in an online chat, February 3.
Indian consumers can now access their CIBIL TransUnion Score to make informed borrowing decisions and avail speedier access to credit.
Sujata Ahlawat, Senior Vice President and Head of Direct-to-Consumer Interactive, TransUnion CIBIL, offers a quick glimpse into what a CIBIL Score is, the factors that impact it, and tips for maintaining a healthy score.
Getting married has no direct bearing on the credit score of either of the spouses. However it does impact the financial situation and may sometimes impact the credit score of any individual indirectly due to the action of the partner.
Harshala Chandorkar of CIBIL will answer your queries on how to read a credit report between 3 pm and 4 pm on Monday, August 19.
Too much unsecured loan can harm your CIBIL rating.
If you want to keep your CIBIL Score alive and kicking (healthy) make sure you steer clear from the above mentioned common credit score killers.
Sacrifice these common misconceptions to improve your credit score this Eid
Outright fear and lack of awareness can harm your CIBIL score
The Cibil TransUnion Score 2.0 will grade customers on a risk index ranging from 1 to 5, with 1 denoting the highest risk and 5 the lowest risk of default.
Lenders get a clear idea about your financial health, risk profile and personality trait
A bad Cibil credit score can limit your borrowing options; however there are few other options which you can explore for credit.
Answers to six commonly asked questions about CIBIL score that will help clear your confusions
You require a credit score to get fresh debt and you must have existing debt to get a credit score... Confused? Well, here's how they are related.
Here are four ways to keep your credit score in the green
These myths can cost you a bomb!
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited will answer questions related to your home loans and CIBIL Credit Score on Monday, August 5 between 3 pm and 4 pm.
A bad credit score in general is seen as an irresponsible behaviour of an individual. Inability to pay on time reflects that the person is not capable of take care of things.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
In order to be eligible for a loan when you really need one, it is imperative to maintain a good credit score. By having a good mix of debt and servicing it regularly, you can maintain a good credit score and be loan ready at all times.
The Credit Bureau of India (Cibil) is set to launch a credit score database that will reflect the creditworthiness of every borrower in the country.
Your credit score is more than just a number. Here's how you can read and understand its importance.
'Users should protect their savings goals before allocating money to discretionary expenditure.'
There is no overnight solution and it requires plenty of patience and discipline to set it right
Do you know what is 'credit repair'? And how to go about it?
A data breach does not end when the headlines fade. For victims, stolen personal information can fuel fraud, identity theft and financial losses for years.
If you are wondering what all this is about and why should your wife need an independent score then read on to find out.
Lenders use these scores only as a preliminary filter.
Here's how you can reward yourself for having a good CIBIL score.
Credit Information Bureau (India) Limited (Cibil) will now provide customers their credit reports and scores online. Individuals can now access these through a three-step process.
