The Reserve Bank of India, India’s apex bank, has set up a new high level task force which would focus on developing a Public Credit Registry (PCR) according to a Hindu Business Line news report. This high level task force is expected to help develop a road map designed to help provide a roadmap for […]
Are you one of those who have never applied for a credit card or loan? If yes, then most likely you do not have a credit history. If you’re just starting with your credit journey and need guidance to build it the right way, we’re here to help. A good credit score is the key […]
Getting a personal loan might seem like a child’s play as you might have seen a plethora of emails and SMS about instant personal loan approval. This might not be as simple as it seems. But we have listed 5 useful tips which can make getting a personal loan hassle-free. Fix Your Credit Score […]
Credit Information Bureau of India (CIBIL), India’s first credit information company, and the Reserve Bank of India, the country’s central bank, are in talks to introduce a credit ratings system designed specifically to rate online shoppers. Currently, India is ranked third globally with approximately 228 million online shoppers and there is no method of profiling […]
California based analytics software firm FICO has recently announced the launch of FICO Score in India. The company provides credit scoring services in the United States and is also rolling out an alternative data score, FICO Score X Data India. The two credit rating services- FICO Score and FICO Score X Data India- will help […]
Credit rating is still a developing concept in India with the first Indian credit rating bureau, CIBIL being just a decade old. The CIBIL credit report and score was introduced to banks in November 2007 and in April 2011 this facility was made available to the individuals. CIBIL also known as CIBIL TransUnion is among […]
Keeping a tab on your credit score is extremely important in today’s loan-intensive lifestyle. Credit reports today have become mainstays of any card or loan application. They disclose how your past behavior has been with respect to secured and unsecured debt. Therefore, banks look at an applicant’s credit report before making any decision. Simply put, […]
If you are planning to get a loan of any kind, your credit report will be the most important document that will help you in getting a quick and hassle-free loan. But any red flags such as a wrong spelling of your name or a PAN number in your credit report can delay your loan […]
