Credit Score
First-time credit monitoring rises 27%; user base hits 183 mn: CIBIL report
First-time credit monitoring in India rises 27%, with user base reaching 183 million, driven by Gen Z, women and non-metro consumers, says CIBIL report
 "First-time credit monitoring rises 27%; user base hits 183 mn: CIBIL report")
Bank job aspirants must have good credit score for final selection: Govt
Aspirants seeking jobs in public sector banks are required to maintain a healthy credit score to be considered for final selection, a measure aimed at promoting responsible financial behaviour among employees entrusted with public funds, Parliament has been informed. Candidates applying for Common Recruitment Process (CRP) conducted by IBPS, are required to ensure that they maintain a healthy credit history at the time of joining the participating banks and the minimum credit score will be as per the policy of participating banks, amended from time to time, Minister of State for Finance Pankaj Chaudhary had informed Rajya Sabha in a written reply on Tuesday. Institute of Banking Personnel Selection (IBPS) is a test-conducting agency engaged by member banks for conducting recruitment examinations, as per their mandate and requirements. However, he said, this is not a pre-condition to apply and not applicable to candidates with no bank account/credit history. The final discretion in
 "Bank job aspirants must have good credit score for final selection: Govt")
 "How to Recover Your CIBIL Score After Defaulting on a Loan")
Home loan balance transfer: Higher residual principal tenure drive savings
A high credit score is critical as it enables the borrower to secure the new loan at an attractive rate
 "Home loan balance transfer: Higher residual principal tenure drive savings")
Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju
DFS secretary M Nagaraju flags a sharp fall in loan accounts and disbursals, urges MFIs to introspect, consolidate operations, and revive passion for financial inclusion
 "Inefficiency in MFIs leads to high interest rates: DFS secretary M Nagaraju")
Almost 50% Indians don't check credit score, most believe in myth: Study
Credit Score: 'Structural gap' in financial discipline leads to loan rejection and expensive interest rates, it says
Delhi has best credit score; Pune, Kerala & Chandigarh follow: Study
Online survey by Paisabazaar shows rising awareness among Indians about credit health
Credit score 'negative 1' isn't a crisis: How to improve your ranking
First-time borrowers can build a good credit score by taking steps such as paying bills on time and limiting card usage
 "Credit score 'negative 1' isn't a crisis: How to improve your ranking")
Minimising payout on home loan: Boost credit score, prepay, cut tenure
A home loan balance transfer can help move to a lower interest rate
 "Minimising payout on home loan: Boost credit score, prepay, cut tenure")
No credit card? Here's how to build a strong credit score without it
It is essential to remember that consistent payment of loan EMIs and managing existing bank accounts responsibly contribute to a stronger credit profile
 "No credit card? Here's how to build a strong credit score without it")
Late payments? Here's How to set up autopay for your credit card bill
Autopay is a feature offered by many credit card issuers that automatically processes your monthly payment when a new statement is generated
 "Late payments? Here's How to set up autopay for your credit card bill")
Credit score information stolen? Tips to detect and prevent fraud
If you suspect that you have fallen victim to credit fraud, immediate action is crucial. Contact your bank or lender to report the fraud
Why your credit score is not improving despite timely bill payments
Applying for multiple credit cards or loans in quick succession leads to inquiries about your credit report
 "Why your credit score is not improving despite timely bill payments")
 "Factors That Determine Your Credit Score")
How to improve credit score on low income: Points to keep in mind
By understanding the factors that influence your credit score, leveraging available resources, and maintaining financial discipline, you can build a strong credit profile regardless of your income
What's your credit score? Know how its behaviour affects financial health
Higher frequency of credit data reporting is a win-win for credit bureaus, borrowers and lenders
 "What's your credit score? Know how its behaviour affects financial health")
Why your credit score is not improving despite timely payments: Know more
Each time you take a new credit card or loan or look to refinance an existing loan, the new lender checks about you
One table to know personal loan rates and terms of various companies
If you need a personal loan anytime soon, consider the table by Paisabazaar.com for your needs
 "One table to know personal loan rates and terms of various companies")
Cibil score: How it tracks your credit history, how to improve your record
Reserve Bank of India has mandated all banks to check customers' credit scores for loan or credit card applications.
 "Cibil score: How it tracks your credit history, how to improve your record")
Update your nominations, review credit report before the year ends
Ensure that loans are properly closed and documents submitted to the lender returned
 "Update your nominations, review credit report before the year ends")