India has four credit bureaus – CIBIL, Experian, Equifax, and CRIF High Mark. They collect your financial data from credit providers to prepare your credit report. When you apply for credit, the...
Lending institutions like Hero FinCorp use your CIBIL score to determine your loan eligibility. While a decent score makes a loan easier to obtain, a poor score hinders your loan access.
When financial emergencies arise, individuals often turn to cash advances for immediate relief. However, this swift solution demands caution. Cash advances, commonly facilitated by credit card issuers...
Just like your child’s school report card, the CIBIL report reflects your annual performance related to credit and finances. It is a financial track record that provides valuable in...
Your credit score is one of the most important factors lenders consider when you apply for a loan or credit card. These scores directly represent your financial credibility, based on which credit comp...
The credit score is essential for any individual or business looking for credit. It is a crucial 3-digit number that demonstrates a borrower’s repayment capacity,
To ensure timely repayment, loan providers rely on your credit history to see your credit behaviour and repayment capacity. Credit bureaus assign credit scores based on how you have handled credit in...
Before offering a loan, the lender evaluates the borrower's possibility of defaulting, by measuring his or her credit worthiness. This assessment is based on the borrower's credit history, credit rating or score, employment/ business history, banking history, income to expense ratio, and others.