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What is a Credit Score?
What is a Credit Score? A credit score is a 3-digit numerical representation of your creditworthiness provided by the credit bureaus of India based on your repayment history, credit utilisation ratio, credit mix, etc. It helps the lenders to assess the credit risk associated with the applicant. What is an ideal credit score for availing…
Should You Report a Relative’s Death to Credit Bureaus in India?
The credit profile of your family member stays active even after their unfortunate demise. Even though most of us get their investments and savings realised, we often ignore reporting it to credit bureaus. Reporting the death ensures closure of financial accounts and prevents misuse or fraud in their name. Why Reporting the Death of a…