What Is A Credit Bureau? The Key Credit Bureaus in India One of the important aspects of your personal finance journey is understanding credit scores and how they are calculated. Credit bureaus collect, maintain and determine the credit score of an individual based on their credit history and credit behaviour. It is thus imperative to […]

How to Get a 700 Credit Score in 6 Months? Getting a 700-credit score depends on your current credit score and the measures you take to improve it. While it may seem challenging to build your credit score, it is possible to improve it by being financially disciplined. If you manage to maintain a high […]

Credit Score vs CIBIL Score: What is the Difference? In India, credit scores are often addressed as CIBIL score (Credit Information Bureau (India) Limited) but they are not the same. A credit score is a term used to define creditworthiness of a borrower, while a CIBIL score is a type of credit score.    This article […]

Fico Credit Score And What It Means For Personal Loans FICO score model is a relatively new entrant in India compared to other established credit-scoring models. FICO score is mainly built on credit card payment data and India still has a limited credit card user base. As of January 2024, credit card penetration in India […]

Credit Appraisal: Definition, Process, Eligibility & Benefits Credit appraisal, also known as credit evaluation, is one of the important steps in the loan application process. When you are applying for a personal loan or credit card, lenders usually evaluate your creditworthiness to assess your repayment ability. This process helps lenders minimize risk as it evaluates […]

Understanding Hard Inquiries and Their Impact on Your Credit Score Before granting any loan, lenders and creditors usually check a borrower’s credit score. A credit score is usually between 300 and 900 and indicates how likely an individual will pay their credit bill or debt on time. Having a high credit score increases one’s chances […]

How is 650 a Good Credit Score? When you apply for a loan or credit, lenders usually check your credit score. This is done to verify the creditworthiness of the borrower and assess their capacity to repay the loan. A credit score is a 3-digit score that ranges between 300 to 900. One may consider […]

LSS In CIBIL Report: Meaning, Importance & More If you want to be aware of your personal financial condition then understanding your credit report is essential, especially when terms like LSS in CIBIL report appear. LSS in CIBIL report stands for “Lender Settled Status,” indicating that a borrower has settled their credit account with the […]

What is Days Past Due (DPD) in the CIBIL Report? Ever thought how your payment habits could be summed up in a few numbers? The number of days that you haven’t paid loan or credit card payments is tracked as Days Past Due (DPD) on your CIBIL report. It’s more than just a number; it […]

SMA (Special Mention Accounts) in CIBIL: Complete Guide Is it possible for lenders and banks to identify which account will potentially lead to default? Yes! Lenders can monitor accounts with a certain classification to assess credit risk and make informed decisions regarding quick personal loan approvals and interest rates. We are talking about SMAs, or […]

Experian Vs CIBIL : Definition, Meaning & Differences Introduction to Experian and CIBIL Credit score is an important 3-digit number that determines an individual’s creditworthiness, indicating their capability to repay borrowed funds. These scores are decided by credit bureaus based on an individual’s repayment history, payment behaviour, and many other factors. Lenders use this credit […]

What is CIBIL Defaulter List and How to Check Defaulter List? Understanding the CIBIL Defaulter List Banks and financial organisations use credit agencies to determine a borrower’s creditworthiness. CIBIL, or Credit Information Bureau India Limited, is a credit agency that keeps a list of defaulters provided by banks and NBFCs. There is no special defaulter […]