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…
Popularity of credit cards has seen a surge over the last few years due to rising awareness around their convenience and rewards. Credit cards help you make high-ticket purchases and, when used responsibly, contribute to building a strong credit profile. However, there are some mistakes which can adversely impact your financial life. Here are some…
When used responsibly, credit cards can help you save a considerable amount on your spends and, at the same time, build a strong credit score. However, often due to a lack of awareness, many users fail to maximize the benefits offered on their cards. Reckless use of credit cards can also lead to a debt…
When you apply for a loan or credit card, the lender requests your credit report from a credit bureau. Apart from your credit score, the lender analyses your detailed credit report to assess the risk of approving your credit application. This is done especially in the case of unsecured credit, such as personal loans or…
