Closing an unused credit card reduces total available credit, which can push the credit utilisation ratio higher and potentially lower the credit score. For example, if total limits drop from Rs 5…
A CIBIL score above 800 signals healthy credit habits but does not guarantee loan approval, as lenders tighten norms and scrutinise past 'settled' accounts. A 'settled' tag, which appears when a bank…
A personal loan can be applied for online in under 10 minutes, but the timeline depends on the lender, eligibility, and verification. Some digital lenders offer application completion, approval, or disbursal within…
Repaying a loan does not automatically update your credit report. Lenders send data periodically to credit bureaus, so a closed loan may continue to appear as 'active' for a while. Borrowers should…
Errors in credit reports can lower a borrower's credit score even when they have never missed a payment, experts say. Common mistakes include incorrect repayment status, duplicate accounts, outdated loan information, and…
Errors in your credit report, such as duplicate loan entries, incorrect personal details or wrongly reported payments, can lower your credit score, lead to higher interest rates on loans, or even cause…
Building a good credit score does not require complex strategies or borrowing money unnecessarily, according to credit bureaus such as CIBIL. The metric is based on four pillars: repayment track record, credit…
Acting as a loan guarantor can hurt your credit score and future borrowing ability if the primary borrower misses payments or defaults, experts warn. The loan appears on the guarantor's credit report…
Paying rent with a credit card may help manage cash flow or earn rewards, but it can add fees and increase borrowing costs. Processing charges may range from 1% to 3% of…
The Delhi State Consumer Disputes Redressal Commission has directed Kotak Mahindra Bank to pay Rs 1.5 lakh in compensation for raising a demand of Rs 19,788 from a customer who had already…
Ashin Xavier: interesting
IO Repro: Repro test v4 after fix 2 Oct. Safe to trash.
IO Repro: Repro test v3 after fix 2 Oct. Safe to trash.
IO Repro: Repro test after fix 2 Oct. Safe to trash.