Want to spend more this festive season on your credit card? This is what it takes...
Did you know that credit cards can in fact help you to improve and build your credit score if used responsibly and wisely!
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited (CIBIL), on Monday, August 12, to get answer to all your queries.
If your loan was rejected because you had just 'settled' your outstanding dues and not 'closed' it altogether, then here's how you can get this loan approved.
Your social media profile may soon be your ticket to a loan or a credit card, says Abhishek Agarwal
All you need to do is fill up an application form available at Credit Information Bureau (India) or Cibil's website, attach a draft for Rs 142 and an identity proof and mail it to Cibil. The company's Managing Director Arun Thukral said that the report would reach you within a week.
Just like our older generation, you should realise that a penny saved now would come in handy when you need a penny.
There are four distinct advantages the most important being getting a good credit score
You will be able to access your credit scores in December 2010. The score will range from 300 to 900, indicating the levels of default. It will be available to consumers for a sum not exceeding Rs.100 as prescribed by the RBI. CIBIL, which already has a huge database of credit reports - which are currently consulted by banks before sanctioning a loan is putting up the infrastructure to be ready to service consumers who wish to access their credit reports.
Read on to understand the pros and cons of higher credit limit
Making purchases on your credit card can turn out to be a better idea. Here's why.
You can gift your sister a Women Special Credit Card, which is not only loaded with exciting rewards for women, but they are also your sister's first step towards a better credit management.
Rajiv Raj tells you why a store credit card is not a good idea, even though you are tempted with extra 'savings' of 10 per cent on your purchase or a 5 per cent cash back or a 'sign on bonus'.
Some of the celebrities whose names and details were used by the fraudsters are Abhishek Bachchan, Shilpa Shetty, Madhuri Dixit, Emraan Hashmi and Mahendra Singh Dhoni, Deputy Commissioner of Police (DCP) of Shahadra Rohit Meena said.
Paying just minimum amount due? Closed your oldest credit card? Have never accessed your CIBIL report? You could be in trouble :(
A critical factor that can ensure easier and hassle-free access to home loans is keeping a watchful eye on your Credit Information Bureau India Ltd (CIBIL) Report and CIBIL TransUnion Score.
If you score well in your credit report with anything between 700 and 900 points, your demand will be easily processed and approved.
If you ever face a situation where your card transaction is declined, it is advisable to call your bank and check with them for the cause. In most cases, unless it's a fraudulent issue, the problems will be resolved on the phone.
While you go about it, please note that if it is difficult for you to keep your spending habit in check, all the benefits of getting a credit card limit increase will be pointless.
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
Warning: These tips are not for those who are already in a debt trap or struggling to meet expenses.
It is important to understand how your salary influences your loan amount and implementing these valuable strategies can significantly impact your eligibility for the personal loan you desire, says Kamaljeet Rastogi.
Stop indulging in these before it derails your financial future
Credit card loans and personal loans are two prime examples of unsecured loans that must always be avoided.
Sharing your credit card with the spouse has it perks. Read on to find out more!
If you are panic-stricken because of your inability to repay even your minimum amount due on your credit card, help is at hand.
Follow these if you want to enjoy credit happiness and easy access to finance in the New Year by maintaining a healthy credit report and high credit score
Some of the most common grounds on which card issuers reject credit card applications in India, along with tips on how to overcome these hurdles.
It all begins with a little overspending on the credit card, and before you know it, you find yourself being sucked into a debt trap. You may think you have a debt pay off plan, but think again!
Some leading private and foreign banks in the country have started checking scores of credit information companies such as Credit Information Bureau Ltd as part of their pre-employment screening process.
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
BoB's offer of a lower home loan rate to customers with credit scores of 760 and above makes it incumbent on everyone to pay heed to this all-important number.
CIBIL provides credit information about individual customer and business entities that helps banks in taking decision on sanctioning credit to any customer.
A dream home can be closer to reality if you live a financially disciplined life. All that it takes is to make smart moves at the right time in your life and career.
Before opting for a joint loan with your parents or spouse (after all, anybody who you love is your Valentine) you must first understand the implications of this loan.
Six compelling reasons to use your credit card. WARNING: reckless use of plastic can land you in a debt rap
Gifts for loved ones, spending on yourself on impulse buying on EMIs and credit cards can leave your financial health completely stressed by the end of the year, says Harshala Chandorkar, Senior Vice President -- Consumer Relations, CIBIL
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
Harshala Chandorkar, chief operating officer, CIBIL, explains your rights and duties as a responsible consumer
