Articles for Credit Report

What is a loan guarantor and how does it affect your credit score?
3 days, 16 hours ago

What is a loan guarantor and how does it affect your credit score?

Live Mint  

While applying for a personal loan, an individual has to fulfil various eligibility criteria. A guarantor increases the chances of personal loan approval provided they have a good credit score, income to repay the loan, etc. Credit score gets hit in the event of default If the borrower delays or defaults on loan repayment, the bank will ask you as …

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Not meeting personal loan eligibility? THESE steps can help you fix it
6 days, 13 hours ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Unsteady source of income: An unstable job or source of income suggests that the borrower might not be able to repay the loan on time, and therefore, the personal loan application is rejected. Factors such …

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Not meeting personal loan eligibility? THESE steps can help you fix it
1 week, 4 days ago

Not meeting personal loan eligibility? THESE steps can help you fix it

Live Mint  

A personal loan is the most preferred financing option by many as it does not require any collateral and can be used in multiple ways. Before knowing how to improve your chances of getting a personal loan, it is important to know the reasons why your loan application would get rejected. Unsteady source of income: An unstable job or source …

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Credit Score: How multiple loan inquiries impact your score and how to protect it
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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Credit score vs credit report: Know the major difference between financial terms
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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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 …

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Credit Score: How hard inquiries affect your credit report and how to avoid them
3 weeks, 4 days ago

Credit Score: How hard inquiries affect your credit report and how to avoid them

Live Mint  

Credit score might be one of the most critical figures in any adult's life. Among the factors influencing your credit score are hard inquiries, often misunderstood but can significantly affect your financial standing. How hard inquiries impact your credit score Hard inquiries can lower your credit score, though the effect is usually modest and temporary. Hard Inquiry Soft Inquiry Impacts …

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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 …

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Why isn’t your credit score improving despite clearing dues on time?
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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Outsmart identity thieves before they become you
2 months, 1 week ago

Outsmart identity thieves before they become you

Salon  

Identity theft has become alarmingly common, with millions of individuals falling victim each year. Dumpster diving: Despite the rise of digital theft, some identity thieves still resort to traditional methods like rummaging through discarded documents for sensitive information. Decoy data: Create fake email addresses, credit card numbers or social media profiles with bogus information that closely resembles your real data. …

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Before you sign up for a store credit card, know what you’re getting into
2 months, 3 weeks ago

Before you sign up for a store credit card, know what you’re getting into

LA Times  

With holiday shopping season around the corner, experts recommend caution when your favorite store offers you a credit card. Store credit cards as a way to build credit history Store credit cards were once known as a tool to build your credit history if you’d never had a credit card before. Store credit cards versus buy now, pay later Since …

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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 …

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7 crucial steps to follow to get a personal loan after bankruptcy
6 months, 3 weeks ago

7 crucial steps to follow to get a personal loan after bankruptcy

Live Mint  

A frequent myth is that if you have filed bankruptcy, especially discharged bankruptcy, you would be unable to obtain any form of loan or credit. Although bankruptcy might have a negative influence on your credit score, it does not mean you are permanently ineligible or unfit to take on new debt. Qualifying for a personal loan post bankruptcy It is …

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Worried you may have been impacted by the Ticketmaster hack? Here's what to do
6 months, 3 weeks ago

Worried you may have been impacted by the Ticketmaster hack? Here's what to do

ABC  

More than 500,000 Ticketmaster users woke to the news they may have had their personal information compromised. The compromised data, amounting to 1.3 terabytes, reportedly includes: Names Addresses Credit card numbers — last four digits and expiry date Phone numbers Payment details ShinyHunters is threatening to sell the information online for $US500,000. ID Care, a not-for-profit charity which describes itself …

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CIBIL Score: Suspecting unauthorised inquiries on your credit report? 5 things you must do
8 months ago

CIBIL Score: Suspecting unauthorised inquiries on your credit report? 5 things you must do

Live Mint  

If you discover unauthorised inquiries on your credit report from CIBIL or any other credit bureau while reviewing it, it’s important to take immediate action to protect your credit profile. Freeze your credit report: You may even consider placing a freeze on your credit report to prevent any further unauthorised inquiries or activity. Follow-up: Also, make sure to follow up …

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How can young professionals establish good CIBIL scores? Here are 6 key steps
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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Fitch downgrading cannot impede China's economy
8 months, 1 week ago

Fitch downgrading cannot impede China's economy

China Daily  

A cashier counts RMB notes in a bank in Haian, Jiangsu province. On Wednesday, just a day after US Treasury Secretary Janet Yellen concluded her visit to China, Fitch Ratings issued a report, saying China's sovereign credit rating remains unchanged but downgrading China's sovereign credit rating outlook from "stable" to "negative". Yet apart from Moody's downgrading the US' rating in …

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How To Improve Your Credit Score? Know Best Range & Bust All Myths Here
8 months, 2 weeks ago

How To Improve Your Credit Score? Know Best Range & Bust All Myths Here

News 18  

Improving your credit score involves building a history of responsible borrowing and managing your credit well. Improving your credit score, whether it’s measured by CIBIL or any other credit bureau like Experian or Equifax, is crucial for accessing favourable financial products and services. Keep credit card balances low: Maintaining high credit card balances relative to your credit limits can negatively …

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Identity theft: It can affect your credit score in a number of ways
9 months ago

Identity theft: It can affect your credit score in a number of ways

Live Mint  

Have you ever imagined what would happen if your identity is stolen misused. Best Personal Loan for you at lowest interest rate Instant Apply These are six ways in which identity theft affects you: Unauthorised accounts: Identity thieves could open credit card accounts, loan in your name without your knowledge. Collection accounts: If identity thieves accumulate debts in your name …

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A high CIBIL score like that of Priyasha Saluja is possible with responsible credit usage; here's how
10 months, 3 weeks ago

A high CIBIL score like that of Priyasha Saluja is possible with responsible credit usage; here's how

Live Mint  

Aiming for a high CIBIL score is valuable, as it unlocks access to various financial advantages. Sustain a favourable credit card utilization ratio A high CIBIL Score is not impossible. Ensuring a favourable credit card utilization ratio can help in enhancing and sustaining a healthy credit score. Clear your balance completely : The most effective approach to maintain a low …

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Credit score vs credit report: The differences that matter
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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Apple In Talks With UPI Apps To Launch Apple Pay Service In India: What It Means
1 year, 5 months ago

Apple In Talks With UPI Apps To Launch Apple Pay Service In India: What It Means

News 18  

In good news for Apple fans in India, the Cupertino-based tech giant is reportedly planning to launch its payment service, Apple Pay, in the country. The report claimed that Apple CEO Tim Cook met with HDFC Bank CEO and MD Sashidhar Jagdishan during his trip to India in April to discuss the possibility of bringing the credit card to the …

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

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Mastering Your Credit Score: Expert Tips For A Healthy And Accurate Profile
1 year, 6 months ago

Mastering Your Credit Score: Expert Tips For A Healthy And Accurate Profile

News 18  

A credit score is a numerical representation of an individual’s creditworthiness. “Hard inquiries may temporarily impact the credit score, as they signal to lenders that the person might be acquiring additional debt,” says Chattopadhyay. “When you access your credit report from any credit bureau, it is classified as a soft inquiry, and it does not have any impact on your …

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