Credit Derivatives – Meaning, Types, and How It Works Credit derivatives are financial instruments that allow the investor to mitigate credit risk. They enable the transfer of credit risk from one party to another, without owning any underlying asset. The creditor can transfer the risk of the debtor to another third party. For instance, Bank […]

How to Get a Personal Loan Without an ITR: Simple Guide Need a personal loan but don’t have an Income Tax Return (ITR)? Don’t worry! Whether you’re a freelancer, on a break, running a small business, or don’t have a fixed salary, you can still secure a personal loan. Many lenders offer flexible, hassle-free loan […]

Credit Review: What It Is and How It Works for Your Finances Ever wondered how lenders or creditors assess your financial stability? They perform a credit review. A credit review is more than just a snapshot of your credit score. It offers a detailed look into your financial history. This can impact your ability to […]

What is Credit Monitoring: Meaning, Importance & Benefits Your credit health matters more than you might realise. It impacts everything from loan approvals to job opportunities and even insurance premiums. But how do you keep track of it? The answer is credit monitoring services! Credit monitoring services offer varied services that monitor all activities on […]

What Is a Tradeline on a Credit Report? All You Need to Know Ever wondered how lenders decide whether to approve your loan or credit card application? The answer often lies in a single word: tradelines. These entries on your credit report tell the story of your financial habits: how you borrow, spend, and repay.  […]

CIBIL Written Off: Meaning and Steps to Remove It from Your Report A ‘Written Off’ status on your CIBIL report makes it tough for an individual to secure loans or credit in the future.  But what does ‘written off’ really mean, and more importantly, is it possible to remove it from your credit report? In […]

What Is a Bad Credit Score and How Does It Affect You? A credit score is a key factor in determining your financial health. It impacts loan application, credit approval, rent and, even your job acceptance in some cases. So, what happens when you have a bad credit score? It is imperative to understand what […]

Understanding Your CRIF Credit Report: Key Features and Benefits What is a CRIF Credit Report? A CRIF (Centre for Research in International Finance) Credit Report is an overview report of your credit history. It is created by CRIF High Mark, a credit bureau in India. This report shows your financial behaviour which includes borrowing habits, […]

What is Credit Repair? How Do Credit Repair Companies Work? What is Credit Repair?   Credit repair is the process of improving your credit history that may have been hampered due to varied financial reasons. This includes removing or disputing any errors or cases of identity theft.  Credit repair helps to improve your credit score by […]

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 […]