Wondering why your credit score is bad? Here’s how to make it better

1 week, 3 days ago

My credit score went up, but not because I'm better with money

Salon

In our culture of money, we tend to treat a credit score as a measure of how “responsible” we are. A credit score lets financial companies know whether they’ll likely make money if they accept your business. Related The shady credit agencies that run your life What gets reported A credit score can never be a useful measure of your …

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1 week, 6 days ago

Credit Score: How multiple loan inquiries impact your score and how to protect it

Live Mint

Credit score is a three digit score which is given to you by credit bureaus which acts as a reflection of your credit profile and your creditworthiness to your creditors. Multiple loan inquiries to different creditors can negatively affect credit score. Let us understand how multiple loan enquiries affect your credit score and discuss the ways through which you can …

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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. …

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Facing credit issues? Here are 5 easy ways to improve your CIBIL score

India Today

Many people use credit cards for purchases and services, often attracted by convenience and benefits. Your CIBIL score is a 3-digit number ranging from 300 to 900, summarising your credit history and repayment behavior. A good score often leads to benefits like higher credit limits, faster loan approvals, and better loan terms. Here are simple tips to help you improve …

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2 weeks, 6 days ago

Credit Score: How to build a strong credit history from scratch? 4 key tips

Live Mint

Are you someone who is planning to start their credit journey? In general, such applicants may be given simplest forms of credit, for example, low limit credit cards or low amount secured loans. Nevertheless, first-time borrowers usually face difficulties obtaining premium credit cards or favorable loan offers. Tips on how you can build credit score from scratch Use secured credit …

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2 weeks, 6 days ago

Credit score vs credit report: Know the major difference between financial terms

Live Mint

Credit reports and scores are vital determinants in the contemporary financial world as they determine our prospects. Credit reports include all about a person's credit life history, it tells their credit use, pay status history, different types of credit as well as any open-for-public records showing financial actions. Many lenders also consider credit scores from multiple bureaus and often use …

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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 …

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3 weeks, 3 days ago

Rejected credit card? Here’s what to do next: A step-by-step guide

Live Mint

Credit cards are one of the most preferred financial tools as they help customers make purchases without the need to pay back immediately, along with added rewards and offers. Applying for a credit card is very easy, however, issuers look for many criteria before approving a credit card application therefore many applications get rejected. Reasons for rejection of credit card …

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3 weeks, 4 days ago

Credit Score: What is it and how does it affect your loan approval?

Live Mint

If you are someone who is interested in borrowing a loan or if you want to apply for a credit card, then knowing your credit score is extremely important. Lenders also pay close attention to your credit score for granting you the interest rate, repayment tenure and principal amount for your loan. Nevertheless, it is interesting to note that the …

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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 …

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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 …

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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 …

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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 …

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4 weeks 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 …

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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 …

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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 …

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1 month, 1 week ago

Credit Cards: Top 10 credit score myths that are hurting your financial health

Live Mint

It is important for an individual to build and maintain a good credit score. A good credit score helps them get credit cards and loans essential to fulfil important financial goals. Using the entire credit card limit doesn’t impact your credit score as long as you repay on time The credit utilisation ratio is one of the factors CICs consider …

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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 …

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1 month, 1 week ago

Credit Card: Can you build a personal brand with it? 6 key things to know

Live Mint

A credit card can be an incredibly useful tool to build your personal brand by helping you develop a reputation of credibility, financial responsibility, and exclusivity so long as it aligns with your brand. Travel and rewards: Many credit cards offer access to unique experiences, like events, VIP lounges, or priority bookings. Credibility: If part of your brand includes credit …

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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 …

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7 months, 1 week ago

The eight warning signs your identity has been stolen... and how YOU can protect yourself

Daily Mail

Identity theft reports are on the rise in the US, with more than 15 million people reporting their identity was stolen in 2023. Now there are tell-tale signs to identify if someone is trying to access your personal information including credit card test charges, junk emails and problems with your streaming accounts. Test charges on your credit cards Hackers typically …

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8 months, 1 week ago

How to improve CIBIL score in the long term? Here are six strategies

Live Mint

Improving your CIBIL score in the long-term calls for consistent effort and responsible financial habits. Best Personal Loan for you at lowest interest rate Instant Apply Follow these six strategies to improve your credit score in the long run. Pay bills on time: Payment history is a significant factor in your credit score. Authorised user: If someone you trust has …

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8 months, 1 week ago

How can young professionals establish good CIBIL scores? Here are 6 key steps

Live Mint

Establishing a good CIBIL score is vital for young professionals since this can positively impact their ability to access credit in the future. Pay bills on time: Regular payment of bills, including credit card bills, EMIs, and utility bills, is vital for building a good credit score. So, by following these steps, young professionals can establish and maintain a good …

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8 months, 2 weeks ago

CIBIL: 8 key indicators of a good credit score that you need to be aware of

Live Mint

A good CIBIL score, or credit score, is indispensable to procure loans and credit cards at favourable terms. For instance, if Mr Ajay pays his bills on time, never crosses 30 percent of his credit card limit, uses a diverse set of credit types, never defaulted on any bill, and has a long credit history – then the chances of …

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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 …

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9 months, 3 weeks ago

Want to improve your credit score? 5 key ways to give your score a leg-up

Live Mint

Remember Priyasha Saluja of Shark Tank fame who tried to impress the judges/ sharks by pointing out her high credit score? A good credit score can open several doors, even if you don’t plan to knock on the Shark Tank India’s door. “Building and improving your credit score typically takes at least six-nine months,” says Rakshit Agarwal, Co-founder, Rupicard. “A …

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11 months, 3 weeks ago

40% Indians regularly monitor their credit scores, reveals survey

Live Mint

Moneyview has just revealed findings from its latest survey, offering insights into the changing dynamics of credit score awareness and financial preferences. At Moneyview, we are committed to empowering our users with the tools and knowledge they need to make informed financial decisions in this digital age.” Findings from the 2023 Consumer Credit Survey Report by Moneyview include: Monthly credit …

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1 year ago

How can I maintain a good credit score?

Live Mint

What are some common mistakes that can negatively affect my credit score, and how can I avoid them? —Name withheld on request A strong credit score is a good field to monitor in one’s financial report card. Applicants with higher credit scores get funding at lower or more competitive interest rates across various types of loans and credit cards. If …

Credit Loan Credit Cards Score Good

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 …

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1 year, 3 months ago

Credit score vs credit report: The differences that matter

Live Mint

Your creditworthiness, as evaluated by your credit score and credit report, holds significant importance when seeking loans or credit cards. The pivotal factors influencing your credit score encompass: Payment history: The foremost determinant of your credit score is your track record of timely payments. The precise factors considered in this calculation may vary depending on the credit scoring model in …

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1 year, 6 months ago

7 Top Tips To Boost CIBIL Score By 100 Points And Be Credit Ready

ABP News

Your CIBIL score represents your financial standing and other factors related to your credit behaviour. Having your credit utilisation ratio on the lower side is a great way to maintain your good CIBIL score. Dispute Errors In The Credit Report Your CIBIL score comes with a credit report containing information about your credit behaviour. In some cases, fraudulent transactions may …

Financial Credit Score Report Help Increase Your Credit Score Lower

1 year, 6 months ago

Why can’t I get a loan despite good credit score?

Live Mint

My take-home salary is ₹1.1 lakh. Of this, I pay equated monthly instalments of ₹40,000 towards a home loan, besides monthly school fees, and a personal loan. As of now, my credit report, obtained from various credit bureaus, shows a score of 800 plus but I am unable to get a loan. So, if your income is ₹1,10,000 per month …

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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 …

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1 year, 9 months ago

How credit scores are evolving to improve access to credit

LA Times

A low credit score can hurt your ability to take out a loan, secure a good interest rate or increase a credit card spending limit. “I do see that efforts are being made in order to equalize the credit score,” said Rosalyn Glenn, a financial advisor at Prudential who focuses on expanding financial access. Effective July 2022, paid medical collection …

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1 year, 10 months ago

How credit scores are evolving to improve access to credit

Associated Press

NEW YORK — A lowcredit score can hurt your ability to take out a loan, secure a good interest rate, or increase the spending limit on your credit card. “I do see that efforts are being made in order to equalize the credit score,” said Rosalyn Glenn, a financial advisor at Prudential who focuses on expanding financial access. “You’re making …

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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 …

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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 …

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2 years, 2 months ago

6 tips you can use to help improve your credit score

Associated Press

NEW YORK — Credit scores are complicated and because rating agencies consider many factors, the process of improving them can look different for everyone. He’s also had no credit cards for at least 10 years — he stopped using them after he declared bankruptcy due to credit card debt. Another small way to tackle debt is the Consumer Financial Protection …

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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 …

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2 years, 2 months ago

Steps To Download CIBIL Report And 4 Tips To Improve Your Credit Score

ABP News

Your loan eligibility is greatly dependent on your CIBIL score. Steps To Download Credit Report From CIBIL Website Before you can download your credit report from the CIBIL website, you first need to create your account and generate CIBIL login credentials. Go to dashboard Click on ‘Check CIBIL Score’ Click on ‘View My Report’ Check your credit report Click on …

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2 years, 4 months ago

How To Do A Credit Score Check And Get A Credit Report? Important Steps To Know

ABP News

Carrying out a regular credit score check is integral to ensuring that you have a low-risk financial profile. Steps to generate your Credit Score and Report Note that CIBIL is one of the top credit rating agencies in India, and all financial institutions accept the credit score computed by CIBIL. On the official website of CIBIL, you can carry out …

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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 …

Impact Credit Payments Credit Score Payment Score Good

4 years, 2 months ago

How To Fix Your Credit Score If It Got Dinged During The Pandemic

Huff Post

LOADING ERROR LOADING The economic pain caused by the coronavirus pandemic keeps getting worse. “In fact, several federal and state regulators have already issued guidance to lenders encouraging financial institutions to work constructively with affected consumers, small business owners and communities.” For example, your lender may work with you to increase your available credit, set up a deferred payment plan …

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Wondering why your credit score is bad? Here’s how to make it better

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