free cibil report online

Gold loan on CIBIL report can act as a mine

03-May-2016 written by : FSI-Team

With the awareness about credit information companies or bureaus and the work they do growing, it comes as no surprise then that the importance of having a good CIBIL report has never been more prominent than it is today. Over 80 percent of loans that are approved, are of those individuals who have a score of 750 and above (of a possible 900), which clearly indicates that higher your score, better are your chances of approval for a fresh line of credit.

Learn more

Factors impacting your credit score

How to Remove Late Payments from your CIBIL Report?

28-April-2016 written by : FSI-Team

Late payments or missed payments are the biggest cause of poor credit health; repayment history has a 35% weightage in the credit score calculation. Sometimes the issue can be due to an actual delay by the credit report holder or sometimes due to an error by the reporting bank. Whether the default is due to the borrower having forgotten to pay on time or it is due to a willful default the lending agency will report it to the credit bureau (irrespective of the reason) which will update it as a default in your Credit Information Report (CIR).

Learn more

Factors impacting your credit score

Is it a good idea to own high limit credit cards?

26-April-2016 written by : FSI-Team

The very mention of a credit card makes most of us feel good, as there is something about possessing that little rectangular piece of plastic that can be the key to your aspirations. Of course, while it is exciting to make purchases on a card it is equally important to stay credit healthy by ensuring that you use your card judiciously and do not borrow more than you can repay. This is because ultimately a credit card is nothing but a type of unsecured loan and needs to be paid off once the bill comes in, much as you would pay a loan EMI.

Learn more

free cibil report online

Do you wish to get a free CIBIL score?

23-April-2016 written by : FSI-Team

If you’re looking to rebuild your credit history, or even just keep track of it, the right place to begin would be your credit report. Knowing your credit information is important because virtually no financial transaction such a loan or credit card application goes though without the lender in question checking these details.

Learn more

Factors impacting your credit score

You are just 5 steps away from a good CIBIL score

18-April-2016 written by : FSI-Team

Having a good credit score can be the key to your financial future, as you are more likely to be offered home or auto loans at the most competitive rates. In the long run therefore being credit healthy can have a lasting, positive impact on your investments and savings as well. While loans for bad credit score are not impossible, they are not the ideal scenario that you would want to settle for.

Learn more

How often should you check your credit score?

How Does Your CIBIL Score Impact Your Financial Life?

16-April-2016 written by : FSI-Team

Yes, money is important. In order to fulfil any basic requirements or to enjoy luxuries like an expensive trip abroad, one needs money. Given today’s economic conditions, one has to seek help of credit to move even inches closer to fulfilling ones dreams. Credit is the bridge that helps an individual cover the gap between what one’s pocket allows to buy and what one aspires to buy. For example, given your monthly disposable income you can only purchase a Maruti Suzuki Alto k10 but with the help of a car loan you can afford to buy a Maruti Suzuki Swift Dzire. So, credit helps you reach for products and services beyond your means, brings you greater financial satisfaction and boosts your affordability.

Learn more

How often should you check your credit score?

Awareness of CIBIL Ratings in India

11-April-2016 written by : FSI-Team

If you handle your own finances, you are very likely to have heard of CIBIL. If you are about to make an expensive purchase, like a house or a car, then you are going to want to know all about CIBIL. It so happens, CIBIL will be playing a big role in whether you get a loan or not. So, let’s try and demystify what CIBIL is and how it functions in the credit society.

Learn more

Are home loan and car loan rates likely to fall soon?

06-April-2016 written by : FSI-Team

Planning to buy your dream home this fiscal? Or upgrade to a new car? If you are, and are looking at availing of a housing or auto loan respectively to turn your dreams into a reality, it is likely that you will soon have something to cheer about.

Learn more

CIBIL score save money

How Credit Bureaus are Impacting loan Approval in India

01-Apr-2016 written by : FSI-Team

If you are an individual and you lend someone money then obviously you want the money back timely and you want the entire amount back. Clearly you will not lend the money to a complete stranger you will lend it only to somebody you know and trust. This is at an individual and informal level; but when somebody approaches a bank or some other lender for loan how does the lender decide who to lend to and who not to lend? The bank also does not want to lose the money; they also want it back. Banks have laid down guidelines that include verifying the KYC credentials of the applicant, assessing the income and repayment potential and of course looking at the credit score. The credit score is something that has entered the loan sanction equation recently but is now an important factor in the decision making process.

Learn more

Importance of CIBIL Credit score in Indian Loans

29-Mar-2016 written by : FSI-Team

Though credit rating for individuals in India is less than two decades old, it has become almost a cornerstone for accepting or rejecting loan applications now. Since CIBIL was the first agency that started credit rating for individuals, CIBIL score is the generic term commonly used for credit scoring in India. CIBIL score is important for both banks and individuals as it provides useful information to both.

Learn more

Factors impacting your credit score

Multiple credit cards: How to increase purchasing power

26-Mar-2016 written by : FSI-Team

Credit cards have fast become a preferred choice of payment for users the world over, with over 72 percent of consumers holding credit cards. Closer home, India boasts of over 3 crores of credit cards users, and the numbers only continue to rise. Where consumers initially held only one card, today the average number of cards per person is close to 4. This means that cards have become more competitive as the usage has increased, leading to its own share of pros and cons.

Learn more

AROUND THE WORLD

How to get Free Credit Score in India

STAY CONNECTED!

Don't miss a bit of Credit News
Join the FSI Force

Credit Sudhaar Reviews