Why does my CIBIL Score remain constant? I am paying my credit card bill duly and have never taken excess credit: I have repaid my loans successfully, yet whenever I check, my score hovers around [...]
Taking a loan can be a convenient way to finance urgent personal expenses. In India, a personal loan is an unsecured amount an individual can borrow without collateral. Various banks and non-banking financial companies (NBFCs) [...]
Economies today are fuelled by Lending; the RBI (Reserve Bank of India) allows Banks and NBFC to fund further but regulates the cost of funds needed to enhance growth and control inflation. Hence, rising inflation [...]
Strong family ties have always been a part of Indian traditions generations live together and share a home. Living under one roof,supporting each other practically, emotionally, and financially whether a business jointly by the family [...]
Since its inception in 2000, the CIBIL Score has become a crucial part of the economic backbone. Lenders assess an applicant’s CIBIL Score when they get a Personal Loan application. Even when a borrower applies [...]
The terms Settled & Closed are often viewed in a CIBIL account what is the reflection of these terms on the creditworthiness and the CIBIL Score. it is essential to be aware of the impact [...]
The CIBIL Score is the rating given to individual on the basis of the performance of the various credit lines used by the customer; a good credit score will enable the applicant to get easily [...]
In an earlier blog we covered extensively about the Credit Information Bureau (India) Limited which collects and maintains records of an individual’s payments pertaining to loans and credit cards. Your Loan Application is heavily dependent [...]