How to protect, improve your credit score amid cost-of-living pressures – National
Last month, the federal government proposed tying rent payments to credit scores, a new way to help Canadians build their credit. Meanwhile, cost-of-living pressures are impacting some people’s ability to pay down debt and keep their scores in good standing. A credit score is a three-digit number that comes from your credit report — a […]
CIBIL: How to check credit score without a PAN card? MintGenie explains
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 […]
How to ensure a good interest rate on your personal loan? Here are 3 primary ways
The suitability of an annual percentage rate (APR) for a personal loan varies based on several factors but typically ranges between 6% and 12%. Here’s a breakdown to assist you in gauging what constitutes a favourable APR for your circumstances: National average: As of February 28, 2024, the average APR for a personal loan in […]
How to check CIBIL score for free? A step-by-step guide
CIBIL score, which ranges from 300 to 900, signifies borrowers’ creditworthiness. Banks and other financial institutions use these scores as one of the factors to determine their eligibility for loans. It is, therefore, considered important to check the score which can help you monitor your financial health. One can check their CIBIL score on the […]
How to boost and maintain an exceptional credit score
It may be hard to imagine digging yourself out of $100,000 in credit card debt and boosting your credit score by 400 points. But it’s possible—just ask Lynnette Khalfani-Cox. Khalfani-Cox boosted her credit score from the low 400s to a perfect 850 after spending three years paying down her debt. Now, the New York Times […]
How to plan educational loan repayment effectively? MintGenie explains
According to the data shared in parliament, during a Lok Sabha session in February 2023, student loans amounting to ₹39,268.82 crores were disbursed over the past decade. Embarking on the education loan journey marks the initial stride towards financial independence for students, and responsibly repaying it is essential to build a healthy credit score. Therefore, […]