At the outset, it is vital to note that marriage — in itself — does not affect credit score. The credit scores are not based on marital status; however, it can indirectly influence your credit score in a number of ways especially when you share a credit card or open a joint bank account. For … Read more
Establishing a good CIBIL score is vital for young professionals since this can positively impact their ability to access credit in the future. One should avoid excessive debt, manage credit responsibly, and stay disciplined with their finances in order to achieve a strong credit score. As a matter of fact, maintaining a good credit score … Read more
Improving your CIBIL score in the long-term calls for consistent effort and responsible financial habits. These are some of the key strategies which we list out here. Thirty one-year-old Ashish Mehra recently discovered that his CIBIL score is only 590, so he asked around the ways to push his CIBIL score higher. He received numerous … Read more
CIBIL score, or credit score, maintains credit information of individuals and businesses. Your CIBIL score is a three-digit numeric summary of your credit history. It, undoubtedly, plays an important role in the loan application process. It influences the interest rates, loan terms, processing time and negotiating power, among others. For instance, someone with a high … Read more
CIBIL score is a key factor that banks consider at the time of evaluating an individual’s creditworthiness. While savings and investments themselves do not directly impact your CIBIL score, they indirectly affect it through various financial behaviours. The factors which actually impact the credit score, also known as CIBIL score, include the payment history, debt … Read more
To rebuild your CIBIL score after insolvency, also known as bankruptcy, is a gradual process, but it’s certainly doable with disciplined financial habits. You need to review your credit report, clear your bills on time, keep your credit utilisation low. One of the key advices to follow is be patient as rebuilding credit score … Read more
Have you ever wondered what would happen if your credit score is different across credit bureaus such as CIBIL, Equifax and Experian? For instance, what if your CIBIL score is 760 whereas the one on Equifax is 740. Is this possible and if yes, why? Well, credit score ranges can certainly vary, albeit slightly, among … Read more
Procuring a credit card usually with a poor CIBIL (Credit Information Bureau India Limited) score can be daunting, but it’s not impossible either. It is simply because the credit score, also known as CIBIL score, is a key factor which banks base their decision on. A low CIBIL score usually indicates a higher risk to … Read more
It is highly unlikely to see a considerable change in your CIBIL score in just one month. It can be quite challenging as it usually takes time and financial behaviour to positively impact your credit score. However, there are a number of steps one can take to improve the credit score quicker. Steps to take … Read more
In order to check the credit score from a credit bureau such as CIBIL, one requires to enter PAN, or Permanent Account Number, which is linked to the bank accounts and primarily used as an identity document for income tax-related purposes. Notably, one doesn’t necessarily need a PAN card to check their credit score in … Read more