Page 2 - Credit Score

What is credit score & why is it important?

A good credit score can help you tide over financial challenges. When you take a loan or a credit card, the lender checks your credit score to know your credit history. Find out what's credit score

TMS Ep161: Palm oil, TV Narendran, contact-sensitive sector, credit score

Should India worry over Indonesian palm oil export ban? Why is TV Narendran confident about economic growth? What can thwart contact-sensitive sectors' recovery? What is credit score? All answers here

Find out why your credit report shows a loan you don't remember taking

Loans can be issued to you both legally and fraudulently. So if there's a suspicious entry in your credit report, get to the bottom of the matter immediately

'The Account Aggregator framework is a game-changer'

By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines

Half of India's working population of 400 mn people credit active: Report

Credit institutions are fast approaching a saturation level in new customers as over half of the borrowers are from the existing customer base of a bank: report

Personal loans: Keep your EMIs at less than 50% of your after-tax pay

If you are thinking of availing of a personal loan, here are some steps you can take to improve your chances of getting it

Cred joins unicorn club with $215 million fund raise

Valuation touches $2.2 bn; startup initiates ESOP buyback worth $5 million

SBI increases sops for home loans above Rs 75 lakh in festive push

Offers interest rates starting as low as 6.9 per cent for a home loan of up to Rs 30 lakh and 7 per cent for above Rs 30 lakh

Check your credit report; raise a dispute on 'invalid' score reduction

If your credit score has declined, get your credit report and check for discrepancies, then decide whether to raise a dispute

Work actively on improving your credit score to protect your home loan rate

If more lenders hike their risk premium, it will spike the interest rate on your borrowing

Credit score to be in line with RBI moratorium guidelines: Transunion Cibil

The RBI announcement came as a relief to the borrowers and affirmed commitment to provide a comprehensive picture of each person so they can be reliably and safely represented in the marketplace.

Poor quality data, late reporting causing trouble with credit scores

There are quite a few problems with the credit score

Giving guarantee for a loan can impact your financial health, here's how

By agreeing to guarantee a loan, you agree to repay the loan outstanding should the principal borrower be unable to do so at any point during the loan term

Tipping point: Burdened with debt? Improve your credit score

Many companies nowadays check the credit score of people they plan to hire

Credit bureaus turn to data analytics to provide holistic credit scores

Credit bureaus are increasingly focusing on custom data analytics and alternative data partnerships with fintech companies

Here are a few tips on how to increase your credit score quickly

Limit spending on card to 30-35 per cent of the credit limit

Looking for a loan? Rebuild credit score to regain access of any sort

Clearing off past dues, and then taking small loans and repaying them on time will help past defaulters gradually improve their credit scores

Pay heed to your spouse's credit score

Your partner's poor credit score could mar your chances of getting a joint loan, so work on improving it while there is time

Your Facebook, LinkedIn profiles could soon show creditworthiness

Peer-to-peer lenders have started using social media to evaluate loan applicants

Decoding credit score calculation

A good credit score makes it easier to secure a loan. You might even be able to negotiate for better rates in some loans