Your credit score is important for availing loans and credit cards. However, once such loans or credit cards are issued, how you handle the credit product impacts your credit score. In a similar manner, your credit score starts getting impacted once you take a home loan. Read the article to know how the home loan…
Planning a wedding, a home renovation, or managing an unexpected expense? A personal loan can be a lifesaver in situations where you need access to funds quickly and can repay them in EMIs over a period. You would be well aware that a good credit score makes it easier for you to get a personal…
Credit score is an important factor that lenders consider at the time of approving your credit application. A disciplined credit behaviour enables you to maintain a high credit score, which in turn helps in getting credit applications approved without much difficulty. A default in your credit report can reduce your credit score and severely impact…
The Credit Score Premier League Contest is the largest credit score check initiative to promote credit awareness across the country. Participants must check their CIBIL score on the Paisabazaar App/website to participate in the contest. People with the best CIBIL score can win exciting rewards, including an iPhone 16 and Amazon vouchers. Want to know…
Credit score is an important requirement for availing a loan or a credit card. A good credit score can increase your chances of credit approval, whereas a low score can lead to rejection. When you apply for a loan or credit card, a lender carries out an institutional enquiry to assess your creditworthiness. Consumers with…
Financial emergencies can occur anytime, and they can damage your regular finances. It can make repaying dues a tough ask and may lead to late payments, and sometimes, to default. Eventually, your lender may ask you to settle the loan account at a lower amount. Should you settle the account or not? How does a…
A strong credit score can help get loans and credit cards approved easily and may also reduce your overall cost of credit when credit is required in future. Thus it becomes imperative to build and maintain a high credit score. It is a myth that you cannot have a credit score without a loan. You…
More than 25% consumers in India have their credit scores below 700 making it difficult for them to avail various credit products. It may not be easy for everyone to understand the credit report and figure out issues that may have impacted their credit score over time. To help them understand their credit report better,…
Maintaining a healthy credit score is a crucial financial habit, but is often ignored. This lack of awareness, coupled with poor credit behaviour, leads to a poor credit score, which can have serious repercussions on your financial future. As lenders consider credit score as one of the key deciding factors while processing your application for…
An individual’s credit score depicts how one has handled credit in the past. Based on an individual’s past credit behaviour, which includes factors such as timely repayment of EMIs and credit card bills, as well as the number of credit enquiries made, a credit score is assigned. Lenders check your credit score before providing you…
