Strive for a minimal credit utilization ratio, which helps maintain a robust credit score. The threshold for an optimal credit utilization ratio is under 30 per cent.
Checking the report and correcting any errors on time can boost your score and help you monitor for fraudulent activities. Thus, check the report regularly to assess your financial standing and prevent any damage that can...
The New Delhi District Consumer Disputes Redressal Forum has directed the SBI Cards & Payments Services Pvt. Ltd. to pay Rs 2 lakh to a person here for sending him bill even after his card's expiry
Financial institutions may take a while to process disputes with credit bureaus, so your credit score may not immediately reflect the corrections you make in your credit report. Learn more.
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The Reserve Bank has also issued a circular regarding the same, he said after holding a kharif season review meeting for the eastern region of Maharashtra
When you miss a credit card payment, late fees are applied, and the outstanding balance could accrue a rate of interest as high as 42 per cent per annum in some cases. Here are a few effective ways in which you can avoid...
Maintaining a good credit score is important, as it could impact loan approvals, rate of interest, and other financial opportunities. Understanding the importance of a good credit score is crucial for avoiding financial...
During FY 22-23, business loan disbursements grew the most at 101 per cent, followed by personal loans at 59 per cent.
The findings will assure lenders in developed and developing markets to extend additional credit products to new-to-credit (NTC) consumers.
The latest edition of Credit Market Indicator (CMI) report says that for the first time, consumers between the 18-30 age group accounted for the largest...
In FY21, the government announced the Emergency Credit Linked Guarantee Scheme, which succeeded in shielding micro, small and medium enterprises from financial...
Data provided by TransUnion CIBIL showed that new consumers who self-monitor their credit profiles rose to 23.8 million between October 2021 and September 2022...
Reach out directly to the Reserve Bank of India (RBI) ombudsman if you have unresolved credit score issues with any credit information bureau
Repaying bills on time indicates financial discipline, which can help improve your credit score. Read on to find out what else can help you
A good credit score is the first thing that lending institutions check before extending a loan. Here’s what you can do to maintain a good credit score and...
BNPL schemes are essentially consumer loans from lending institutions and any delay or non-payment of dues can hit your credit score, and add interest and...
Number of women borrowers is increasing but they are still only 29 per cet of all borrowers, finds a TransUnion Cibil report on participation of women in...
Gen-Z and millennials often have a low or no credit score due to lack of credit history, but there are other loan options in the market.
Maintaining a healthy credit profile means using credit within limit and paying dues on time. This improves your chances of getting better loans in the future.
