CRED tool to improve score of credit card holders
3 weeks, 6 days ago

CRED tool to improve score of credit card holders

The Hindu  

CRED, a fintech platform, has introduced Svalbard, a suite of credit management tools aimed at helping its members improve credit scores, manage multiple cards, access secured credit without liquidating investments and to avoid hidden charges. Before you take a loan or miss a payment, you’ll know what happens to your credit score.’‘ Svalbard, comes with a predictive credit score tool that also provides personalised risk assessments based on a user’s past credit history in addition to other credit card management features, and an option for instant loans against mutual funds at 8.99% interest. While 97% of credit card holders have EMIs/loans and 63% hold mutual funds, only 1.5% of India’s ₹33 lakh crore retail mutual fund AUM is pledged for secured credit, he said. Another component Compass functioned as a personalised credit improvement roadmap, analysing users’ spending habits and offering suggestions to boost customers’ scores.

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History of this topic

Cred to launch product for credit card users
6 years, 3 months ago

Cred to launch product for credit card users

Live Mint  

Bengaluru: After raising $25 million from Sequoia Capital and others, Cred—the latest venture of Freecharge co-founder Kunal Shah—will launch a product for credit card payments on Monday. The platform will let users pay their credit card bills and reward them for timely payments with offers and discounts on shopping, health services and other sites. Cred has partnered with companies including …

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