How often should you check your credit score?

Is bad credit stressing you out?

11-Feb-2016 written by : FSI-Team

Being in a bad credit situation can take a toll on an individual not just financially but also mentally and emotionally. Outstanding balances on credit cards or other loans not only can lead to stress but more importantly can result in one ending into debt trap. This shall lead to sever impacting the CIBIL score and CIBIL report which in turn will make the person ineligible to avail credit. It becomes important for a timely intervention to avoid a situation where one succumbs to the constant pressure.

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Understand your CIBIL report

08-Feb-2016 written by : FSI-Team

Called for a copy of your CIBIL report and do not know how to decode it? If the information in your report looks like Greek and Latin to you, fear not. Let’s understand in depth what the CIBIL report is all about.

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Factors impacting your credit score

Why India needs free CIBIL score?

04-Feb-2016 written by : FSI-Team

With lenders jostling with each other to get more and more customers onto their books, almost every individual around us is a credit user. People all around you may have taken home loans, vehicle loans or are seen brandishing two or credit cards in the very least. But ask these people about how many of them access their CIBIL scores in a year, and most of them are likely to draw a blank! Even if they do know about CIBIL, they are likely to tell you that they are not ready to “pay to access their own CIBIL score”? Is this logic justifiable? Or is this just another sign of irrational consumer behavior? Let’s take a closer look.

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How often should you check your credit score?

CIBIL Scores: The Key to a Hidden Fortune

02-Feb-2016 written by : FSI-Team

Did you know that being credit healthy is not just the key to getting a loan or credit card when you most require one, but that it also helps you save money over a period of time? If you’re planning to make an application for a home loan, let’s get you started with a few essential facts that will bring your credit score into perspective.

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What happens to outstanding loans if one dies?

21-Jan-2016 written by : FSI-Team

In the unfortunate even of death of a family member, the palpable question that arises in is that what happens to the assets and liabilities of the deceased? How will the assets get passed on and how what implication would an outstanding loan would have on the legal heir. Especially in today’s time, when non-repayment of loans adversely impact the CIBIL rating of individuals. A low CIBIL score can lead to inaccessibility to credit facilities.

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Factors impacting your credit score

Why should I finance my wedding with a personal loan?

18-Jan-2016 written by : FSI-Team

With the average wedding costing upwards of Rs. 20 lakhs (or more!) these days – and that’s not including the honeymoon! – it is no wonder that personal loans are increasingly popular to fund the wedding of your dreams. While a wedding should be a joyful occasion, it can be stressful for the couple and their families to put the whole thing together, often stretching finances beyond what had been budgeted. To avoid this strain, an increasing number of people are choosing to opt for personal loans, simplifying things and at the same time going all out to celebrate.

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Do Free CIBIL scores actually exist?

14-Jan-2016 written by : FSI-Team

A credit score plays a large role in the approval of a loan or credit card application, and is the go-to piece of information for a lender. It becomes important as a result to maintain a healthy credit score if you are to remain credit healthy.

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How often should you check your credit score?

Is Good CIBIL Score key to meet financial objectives?

11-Jan-2016 written by : FSI-Team

Imagine this. You have it all figured out. All your plans for future are laid and you are all set and raring to begin living your dreams. You have set your eyes on that dream house, your much wanted car, your son will go to the best college and how you will pay for it, your expansion plans, your dream destination and that entire jing bang. You have it all planned on how you will fund it. Until the day you receive a letter from the bank that your loan application has been rejected. Now what? First thing you need to do is check your CIBIL rating.

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