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.
If you want to apply for a job at State Bank of India (SBI), any default on loans or credit card payment will render your ineligible.
Here's how to get out of this situation without hurting your CIBIL score.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
Read on to understand the pros and cons of higher credit limit
In an interview Credit Information Bureau of India's managing director Arun Thukral speaks about how CIBIL is fast becoming a consumer centric institution.
The advice your mother gave you about choosing your friends wisely got a whole new meaning with lenders looking at your social media posts
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.
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.
We hope this information can help you save and trigger more money saving ideas in your mind.
The more you know about using a new credit card, the more you reap!
Building your credit from scratch during your post-graduation years is a good idea because it gives you the opportunity to build a solid foundation for your credit history. Here's how to go about with it.
Avoid getting into a debt trap by using your credit judiciously. Anil Rego explains how
Credit cards are not inherently bad. If used responsibly, they can be a saviour in times of need.
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'.
So how does one protect themselves from misuse of their credit cards? Here are a few helpful suggestions.
Making purchases on your credit card can turn out to be a better idea. Here's why.
When you apply for a loan or a credit card, lenders call for a copy of credit report from Cibil before considering your case
Though reward points should not be a primary concern while opting a credit card they do hold some monetary value. Be sure to redeem your points on time and make the best use of your card.
Warning: These tips are not for those who are already in a debt trap or struggling to meet expenses.
There may be huge discounts and easy EMI options on your favourite expensive smartphone, but do not swipe your credit card left, right and centre, warns Rajiv Raj
On the consumer front, CIBIL is working towards simplifying the process of fetching credit scores -- it is tying up with a payment gateway which will help individuals fetch theirs scores online by making an online payment.
Just like our older generation, you should realise that a penny saved now would come in handy when you need a penny.
Lenders get a clear idea about your financial health, risk profile and personality trait
Banks make use of credit scores based on your credit history and repayment record.
'If your loan application gets turned down by one bank, do not apply immediately to several others.' 'This makes you appear credit hungry and possibly in some form of financial distress.' 'Multiple enquiries affect your credit score adversely,' advises Mohan Jayaraman.
Here's how you can reward yourself for having a good CIBIL score.
Here are four ways to keep your credit score in the green
and three times when you should actually use them
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
The minister said RBI maintains a list of non-suit filed borrowers of banks and financial institutions, while CIBIL had a database on suit-filed accounts of Rs 1 crore (Rs 10 million) and above.
Six compelling reasons to use your credit card. WARNING: reckless use of plastic can land you in a debt rap
Your credit score is more than just a number. Here's how you can read and understand its importance.
You may think that teenagers and credit cards are a recipe for disaster but before you dismiss the idea give it a second thought.
The average size of auto loans stood at Rs 512,000 in the third quarter of 2012, compared to Rs 425,000 in the year-ago period.
Paying just minimum amount due? Closed your oldest credit card? Have never accessed your CIBIL report? You could be in trouble :(
Banks would soon be able to determine whether a property is already mortgaged when a borrower approaches them for a loan against it and this would help in checking the increasing instances of housing loan frauds.
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.
If you are wondering what all this is about and why should your wife need an independent score then read on to find out.
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