Credit score News

 Without a credit score, banks and lenders often hesitate to give you a loan or credit card. 

This system could change the way personal loans and credit cards are approved by removing the need for traditional credit score checks.  

Paying your EMIs or credit card bills on time is one of the biggest factors.

Low CIBIL Score In India: A CIBIL score (Credit Information Bureau (India) Limited score) is a three-digit number, ranging from 300 to 900, that represents an individual's creditworthiness. 

Pay Credit Card Bill With Less Money: Missing a credit card payment can cause problems right away, but taking quick action and following these steps can help you manage your debts and start rebuilding your credit score. 

PhonePe said that in the coming months, the company will expand its credit offerings by introducing consumer loans within the app.

There are many first-time loan applicants who neither have a borrowing history nor a credit score. If you are one of those, you might wonder whether the bank will consider your loan application or not. 

Experian India offers free credit scores on WhatsApp. Experian India is the first credit bureau to receive a license in India. In India, WhatsApp has the highest number of users in the world.

A credit score less than 624 is considered as bad score Lenders often hesitate in funding people with low creditworthiness However, NBFCs may help people with low borrowing power get a loan

If your credit score is high, you will get a loan easily and you will also be in a position to bargain and set your own terms and conditions.

Before you say yes to become a loan guarantor, check on the below-mentioned essentials to avoid falling into an unnecessary financial trap.

State-run Bank of Baroda recently reduced home loan rates to the industry's lowest level of 8.35 percent --Know how you can avail it.