Dr. Bhalla’s creditworthiness was severely affected by the incident, hampering his access to credit. He pursued legal recourse and successfully resolved the case. This situation is not unique, as many individuals frequently suffer from credit card issues caused by errors and unnecessary complications, resulting in significant personal and financial repercussions. Many fail to grasp the … Read more
Personal loans can indirectly improve your credit utilisation ratio. Although they are not included in the utilisation ratio since they are installment loans, they can be used to pay down revolving debt, such as credit cards, which do impact your utilisation ratio. The following points detail the intricate relationship between personal loans sought and credit … Read more
Before handing out a loan, banks invariably check the applicant’s credit score. So, it goes without saying that a good credit score is indispensable for anyone to procure a loan. However, there are a slew of misconceptions about CIBIL score. Here are six key misconceptions: Checking your score hurts it: This is a widespread misconception. … Read more