10%? 30%? 40%? I don’t think there is a crisp answer to this. Clearly, lower the better. Let’s first understand what is credit utilisation ratio and how it is calculated. Then, we get down to what is a healthy credit utilisation ratio and the different ways to improve the ratio. What Is Credit Utilisation Ratio?… Continue Reading
A good credit score is important. It can provide you with access to a wider range of credit facilities and help reduce the cost of credit. Going forward, your credit score may play an important role in non-financial matters, say employment or taking a house on rent. Fair enough but what are the factors that… Continue Reading
Buy now pay later (BNPL) schemes have become quite popular over the past year. While prominent retailers like Amazon and Flipkart have their own BNPL schemes, there are fintech players such as Simpl and LazyPay that you can use to make purchases across many platforms and merchants. Dhani One Freedom card is yet another Buy… Continue Reading
Your bank calls you and offers to increase your credit card limit or upgrade you to a premium card. I am sure many of you have experienced this situation. A happy situation to be in. Usually, it is good to have a choice. Should you accept such an offer? Well, there is no black and… Continue Reading
Your credit score plays an important role not just in determining whether your loan gets sanctioned but also in the interest rate you pay on your loan. One of the major inputs during calculation of your credit score is your credit utilization ratio. What is credit card utilization ratio and why should it affect your credit score?… Continue Reading