Want better loans in Delhi? Here’s how to keep your credit score above 750
In Delhi’s extremely competitive financial landscape, sustaining a reputable credit profile and a credit score of over 750 is quite challenging. It is crucial for accessing favourable personal loan terms, premium credit cards along with other associated credit instruments. A high credit score clearly signifies financial stability, consistency in repayments. It also enhances your credibility […]
How to apply for Federal Bank Visa Imperio Credit Card online? A step-by-step guide
Digital banking services continue to scale up and gain traction in the country. Following the same objectives of growing and scaling up, Federal Bank has streamlined the process of applying for its coveted Visa ‘Imperio’ credit card. This particular credit card caters to the evolving needs and aspirations of tech savvy customers. The main objective […]
How to keep your credit score over 700? 7 key tips that work
To maintain a credit score higher than 700, so that you become eligible for comfortable terms and conditions on loans and credit cards — it is recommended to take a number of steps. Primarily, one should take all the bills on time. It is even recommended to set an auto pay to ensure that you […]
First home on your mind? Here’s how to build a credit score that opens doors
We are often advised to build a strong financial foundation, and this foundation relies heavily on comprehensive financial education, which includes understanding saving behaviour, investment habits, and seeking credit at the right time. Yet, we are rarely given clear explanations of what terms like ‘credit’ and ‘debt’ truly mean, making them seem intimidating, especially for […]
What happens when you have no credit history — and how to start building one
A credit report is a comprehensive record of your credit-related activities compiled by credit bureaus. It includes detailed information about your existing and past loans, credit card usage, repayment behavior, outstanding balances, defaults (if any), and even the number of times lenders have inquired about your loan application. This document serves as a financial biography […]
Credit card over-limit explained: Charges, impact, and how to avoid it
In the ever-evolving economy of India, credit cards have emerged as an essential financial tool. These cards provide rewards, convenience, flexibility etc., to the respective users. This makes them popular among consumers. Still, while using credit cards, it is also important to be aware of the risks associated with exceeding your credit limit. Going ‘over-limit’ […]
How to start your credit journey? Key tips for first-time credit builders
The words “credit” or “debt” can feel quite daunting, especially when you’re just starting on your financial journey. For a long time, young individuals were often advised to avoid borrowing or seeking credit in the early stages of building their financial independence. The belief was that credit was risky, something to be avoided unless necessary. […]
Pre-approved personal loans: What are these, their benefits, and how to get one?
You must have received various emails, App notifications, SMS and WhatsApp messages from your bank about pre-approved personal loan offers. You must have also received calls or seen banners related to these in your internet banking. Some of these pre-approved personal loan offers give a discount or waive the processing fee, while some are offered […]
Long Term Personal Loan: How to weigh the advantages and disadvantages before borrowing?
The financial sector experiences continuous change forcing individuals to face expensive requirements for large monetary payments. Short-term loans function as quick solutions for emergencies but provide limited suitability in funding considerable or long-term financial targets. The situation requires the utilization of lengthy personal loans. This article evaluates the characteristics and advantages and disadvantages as well […]
Different types of credit scores: What they mean and how to read them
To navigate the world of credit cards and loans in India it is important to understand your credit score. It is a three digit number that represents your creditworthiness, thus influencing loan eligibility and interest rates. Still, with multiple credit bureaus and scoring models this can be confusing. Types of credit scores In India, several […]