Rahul went into the loan process assuming things would move smoothly. He was consistently on time with every EMI, and his credit score was 742. However, his loan...

Rahul applied for a personal loan and felt confident about its approval. After all, he had a strong 796 credit score in one app. However, when the bank checked it, the score was a bit..

Your credit plays an important role in the approval of your credit applications. It shows a detailed record of your credit history, loan inquiries, and outstanding debts. Loan Inquiries show in your credit report when a lender reviews your credit report to check your creditworthiness. But, if there are multiple inquiries in a short period, it can affect your credit score.

Your credit score shows how likely you are to repay the lender. And achieving a credit score of 850 is considered highly exceptional by lenders. It means you are extremely responsible about repaying the money. But can you actually achieve a credit score of 850?

When you check your credit score, your credit mix is one factor that influences it. And so, whenever you look for ways to improve your credit score, you get a suggestion to improve your credit score. Now, what exactly is credit mix?

Rajnish is a salaried professional in Pune. He applied for a personal loan to cover a medical emergency. All his documents were in place, displaying his steady income and stable job. Still, his application faced delays. When he checked his credit report, he noticed a ‘settled loan account’.

A loan application is assessed not only on an income basis but also on previous lending behaviour. Before loans are given or interest charged, lenders consider extensive credit history.

This data is provided by a credit agency that maintains records of borrowing and repayment behaviour. To determine how lenders evaluate creditworthiness and decide whether to approve or deny a loan, it makes sense to understand credit bureaus. 

When it comes to determining your eligibility for loans, credit cards or similar products, one of the most important factors is your credit score. Having a poor or low credit score...

Have you ever issued a cheque that got bounced? This can be a difficult situation, and embarrassing too. Resolving this may require dealing with an additional fee or simply speaking to your banking representative about the issue, which is enough to make most people uncomfortable.