Page 3 - Credit Score

Work actively on improving your credit score to protect your home loan rate

If more lenders hike their risk premium, it will spike the interest rate on your borrowing

Credit score to be in line with RBI moratorium guidelines: Transunion Cibil

The RBI announcement came as a relief to the borrowers and affirmed commitment to provide a comprehensive picture of each person so they can be reliably and safely represented in the marketplace.

Poor quality data, late reporting causing trouble with credit scores

There are quite a few problems with the credit score

Giving guarantee for a loan can impact your financial health, here's how

By agreeing to guarantee a loan, you agree to repay the loan outstanding should the principal borrower be unable to do so at any point during the loan term

Tipping point: Burdened with debt? Improve your credit score

Many companies nowadays check the credit score of people they plan to hire

Credit bureaus turn to data analytics to provide holistic credit scores

Credit bureaus are increasingly focusing on custom data analytics and alternative data partnerships with fintech companies

Here are a few tips on how to increase your credit score quickly

Limit spending on card to 30-35 per cent of the credit limit

Looking for a loan? Rebuild credit score to regain access of any sort

Clearing off past dues, and then taking small loans and repaying them on time will help past defaulters gradually improve their credit scores

Pay heed to your spouse's credit score

Your partner's poor credit score could mar your chances of getting a joint loan, so work on improving it while there is time

Your Facebook, LinkedIn profiles could soon show creditworthiness

Peer-to-peer lenders have started using social media to evaluate loan applicants

Decoding credit score calculation

A good credit score makes it easier to secure a loan. You might even be able to negotiate for better rates in some loans