If you are planning to apply for a home, car or personal loan, you must be aware that your credit score plays an important role during your loan sanction process. Hence, it is advised that you check your credit score before applying for loan and rectify any errors in the report through dispute resolution process.… Continue Reading
You know that your credit score plays an important role in getting a loan. A lower credit score can simply ruin your chances of getting a loan. What you perhaps didn’t know was that a good credit score could get you better interest rates. Although it may already be happening internally, nothing was out in… Continue Reading
Credit cards are easily available these days. The banks keep chasing customers with attractive offers (or so they say) on their credit cards. Personally, I am not against credit cards. If you use your credit cards judiciously, you can save a lot of money. You get an interest free credit period of up to 52… Continue Reading
Ever received an e-mail about pre-approved loans from your savings bank or credit card issuing bank? Most of us will answer this question in the affirmative. The e-mail is typically about a pre-approved home loan or a personal loan. The frequency of such e-mails is quite high too. I get an e-mail from my credit… Continue Reading
You have been planning to buy a car. In fact, you have been looking to buy one ever since you finished college. You have also accumulated money for down payment. And have been planning to take loan for the remaining amount. In this post, I will discuss a few things that you should keep in… Continue Reading
These days, it is not uncommon to find at least one e-mail per day about instant or pre-approved personal loan in your mailbox. The creative teams at banks can actually make you feel that the offer has specifically been customized for you. Do not fall for the attractive advertisement. You must avoid personal loans to… Continue Reading
You had recently applied for home loan with a private bank. You had done thorough research and were really keen to avail loan from this bank. However, your loan application got rejected. You were informed that your loan could not be approved since your CIBIL score was too low. You had never heard of CIBIL… Continue Reading
In this age of consumerism one is lost without a credit card. In developed countries, all retail lending by banks happens through credit cards. In India, banks have categorized retail lending into personal loans, loans for purchase of durable utility articles, vehicle loans, home improvement loans etc., and these are separate retail credit products distinct… Continue Reading
“Oh my God, take a look at my credit score. Its awful!” cried my cousin showing his credit score along with the credit information report (CIR). “I have a salaried IT job & a healthy bank balance, have always paid the credit card balance in full and have never taken any loans. And this is… Continue Reading
In our last post, we wrote about what is CIBIL score and CIR. We even suggested you to check your report once in a while. Now you can apply for a report online as well. The process is simple and you can get your score via email quickly. By doing so, you can rectify the… Continue Reading