Are You Making These 5 Credit Score Mistakes? Here's What You Need To Know
1 year, 7 months ago

Are You Making These 5 Credit Score Mistakes? Here's What You Need To Know

News 18  

An individual’s credit score reflects their trustworthiness when it comes to repaying a loan. A higher credit score will help individuals assure lenders of their capability to pay back the money. If your credit score falls due to any reason, it can take at least four to six months to bring it back to the previous level. Every time you open a new account, your credit score gets affected. Maintaining a diverse set of credit accounts responsibly will result in a higher credit score.

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Credit Score: How is it calculated and what factors influence it?
3 weeks, 1 day 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 …

Credit Score: How late payments can ruin your financial reputation
3 weeks, 4 days ago

Credit Score: How late payments can ruin your financial reputation

Live Mint  

A credit score is very important while applying for credit cards or loans as it plays an important role in determining your eligibility. Let us understand how late payments can affect your credit score. Understanding late payments Lenders provide you with some time within which you are expected to pay back the loan or the credit card bill. Impact of …

Want a good credit score? Here are 8 key factors you must know
4 weeks, 1 day 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 isn’t your credit score improving despite clearing dues on time?
4 weeks, 1 day ago

Why isn’t your credit score improving despite clearing dues on time?

Live Mint  

A frequent credit card user must know that a good credit score is a key factor in determining your creditworthiness. However, paying your credit card dues on time does not guarantee a good credit score. A low credit utilisation score indicates poor credit usage habits and a high credit utilisation score signals high debt, which may reduce the chances of …

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 …

Beyond Three Digits: The Role of Credit Scores in Loan Approvals
1 year, 1 month ago

Beyond Three Digits: The Role of Credit Scores in Loan Approvals

The Quint  

How to Maintain a Good Credit Score? Pay installments on time Regular payments of installments are very important to maintain a good credit score. Avoid multiple enquiries in the short term Every time you apply for a loan or credit card to banks or financial institutions, there will be a credit enquiry recorded in your name. If you pay the …

Here are credit score quirks to know about before you apply for a loan
2 years, 1 month ago

Here are credit score quirks to know about before you apply for a loan

LA Times  

Credit scores are hugely influential in our financial lives, but they have some quirks that are worth knowing about. Scores help determine whether we can get credit and the interest rates we pay, but also whether we’re able to rent an apartment, get affordable auto and homeowners insurance and qualify for a cellphone carrier’s best deals. Also, you should know …

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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