Want better credit score? Here are 7 key tips to help you get there
3 weeks ago

Want better credit score? Here are 7 key tips to help you get there

Live Mint  

To be considered eligible for any financial need like home loans and credit cards, one has to have an elevated credit score. A better loan offer and financial option lies ahead with a better score, which means lesser risk, as lenders use your credit score to determine your ability to repay a loan. You could damage your credit score if you apply more than once as lenders may consider this as a sign of financial distress. Boundaries taking out loans: Your credit score may depreciate if you apply frequently for loans or if it's approaching a credit limit.

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History of this topic

Explained: Why a credit score over 800 matters
1 week, 4 days ago

Explained: Why a credit score over 800 matters

India Today  

A credit score above 800 goes beyond unlocking premium credit cards or attractive loan terms. A strong credit score indicates financial stability and responsible debt management, making it easier to negotiate better loan terms. BETTER CREDIT CARD OFFERS AND REWARDS With a credit score above 800, you are more likely to be approved for premium credit cards that offer higher …

Good credit score: What are the different ranges and their meanings?
2 weeks, 4 days ago

Good credit score: What are the different ranges and their meanings?

Live Mint  

Your financial stability and income plays a major role in determining your credit score. Hence, a good credit score puts lenders at a lower risk after which they may offer lower interest rates and repayment periods. Credit score range Credit scores usually range between 300 and 900 and are grouped as; no score, poor, average, good, very good and excellent. …

Credit Score: How is it calculated and what factors influence it?
3 weeks ago

Credit Score: How is it calculated and what factors influence it?

Live Mint  

A credit score is a three-digit number that helps lenders assess your eligibility for loans or credit cards. Let us have a look: Factors affecting credit score calculation Payment history: Your payment record is the record of loans and credit accounts like credit card, personal loans, home loans and others. Different types of credits like home loan, personal loan as …

Bad credit score holding you back? 4 proven tips to boost your rating
3 weeks, 5 days ago

Bad credit score holding you back? 4 proven tips to boost your rating

Live Mint  

Your credit score is extremely crucial when it comes to determining your eligibility for borrowing funds. Lenders usually do not prefer granting loans to individuals with a low credit score as it increases the risk of getting their money back on time especially in the case of an unsecured loan. CIBIL Score Range Rating 300-500 Poor 550-600 Average 650-750 Good …

How to maintain a high credit score: 7 tips for financial stability
4 weeks ago

How to maintain a high credit score: 7 tips for financial stability

Live Mint  

Your credit score determines a lot, from low interest on loans to premium credit cards. Conversely, a low credit score may lead to paying a higher rate of interest, getting a small amount to borrow, or even denial of loans. Since secured loans pose less risk to lenders, they are actually indicative of financial responsibility, and any diversification, therefore, preserves …

Want a good credit score? Here are 8 key factors you must know
4 weeks ago

Want a good credit score? Here are 8 key factors you must know

Live Mint  

Credit score is an important financial metric that represents your credit worthiness. Understanding credit score Credit score is a numerical value representing one’s ability to manage loans or borrowed funds alongside interest. Payment history: The ability to repay the loans and credit card payments on time, is one of the biggest factors determining credit score. If any information such as …

Why is your credit score important and how will it impact your future?
Trending News
4 weeks ago

Why is your credit score important and how will it impact your future?

Live Mint  

Your credit score is an important number that influences every aspect of your life financially. A high credit score tells lenders that you are not very much of a risk, which translates to more favourable loan terms and lower interest rates. Loan limits: A good credit score can also mean a higher amount to be loaned, helping you access more …

What is a credit score and ways to maintain a good score?
1 month ago

What is a credit score and ways to maintain a good score?

Live Mint  

In today’s financial world, credit score is one of several important measures which describes a person’s financial situation. Equifax score: Equifax has credit scores that can be anywhere from 300 to 900 with 750 and above rates being considered good. How to interpret a credit score In India, credit scores typically fall into the following ranges: 300-549: A low credit …

5 key benefits of having a higher credit score you should know
1 month, 1 week ago

5 key benefits of having a higher credit score you should know

Live Mint  

A good credit score increases your chances of getting a loan or credit card approved, provided you fulfil the other eligibility criteria. A higher credit score makes you eligible for pre-approved offers for various loans and credit cards from various banks and NBFCs. Higher probability of loan approvals In the earlier section, we saw how a high credit score makes …

Credit Cards: Don’t make these 7 credit mistakes—Protect your financial future
1 month, 1 week ago

Credit Cards: Don’t make these 7 credit mistakes—Protect your financial future

Live Mint  

Your credit score is an important indicator of your creditworthiness, ability to repay loans, and overall financial health. Similarly, if you don’t pay the credit card outstanding on time, the high finance charges and interest rates on credit cards can derail your financial planning journey. Apart from helping you build or boost your credit score, credit cards can give you …

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)
3 months ago

9 Little Ways You Can Improve Your Credit Score (Without Paying Off All Your Debt)

Huff Post  

Natalia Gdovskaia via Getty Images When it comes to your credit score, small things can add up over time. “Having a high credit utilization ratio shows that you’re close to maxing out your credit cards, and can significantly lower your credit scores,” Alev noted. “The length of your credit history plays a significant role in your score, so keeping long-standing …

Credit Score: 7 effective steps to follow to maintain good credit history
9 months, 2 weeks ago

Credit Score: 7 effective steps to follow to maintain good credit history

Live Mint  

By following responsible financial habits, you can build and maintain a strong credit history, which will open doors to better loan terms, lower interest rates, and greater financial opportunities in the future. One can take a number of steps which include paying bills on time, keeping credit card balances low, keeping track of credit score and opting for secured credit …

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details
2 years, 1 month ago

CIBIL Score: What's This, Why Is It Important, How To Improve Score? Check Details

News 18  

If you are planning to take a loan from banks or non-banking financial companies, you should have a good CIBIL score for easy approval and also for low interest rates. Importance of CIBIL Score If you go to take a loan or apply for a credit card, the bank checks your CIBIL score to ensure your creditworthiness and risk profile. …

Low credit score? Here are 6 tips to improve it immediately
2 years, 2 months ago

Low credit score? Here are 6 tips to improve it immediately

Live Mint  

As we all know there has to be a criterion which needs to be fulfilled by the applicants for loan disbursement, whether it is for the short term or the long term. The primary criteria that banks check out while granting credit or loan is your credit score and credit report, which have all the information about your credit history …

How is your credit score calculated and why is it important?
2 years, 2 months ago

How is your credit score calculated and why is it important?

Associated Press  

NEW YORK — You know credit scores exist. “It might mean that you’re paying out more money over the lifetime of a loan every single month.” HOW IS MY CREDIT SCORE CALCULATED? Since you don’t know which agency your lender is going to use to check your credit score, McCreary also recommends that you check all three of them before …

5 factors that have an impact on your credit score
3 years, 6 months ago

5 factors that have an impact on your credit score

Hindustan Times  

Want to get a credit card? If you have a good credit score, lenders will have more faith in you and will approve your loan applications and credit card applications without much of a hiccup. While you may have worked really hard towards building a good credit score, it can all come tumbling down if you owe a lot of …

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