Credit Score

Credit Score: Here are five major factors that can influence your loan approval

Some of the major factors which make and break a credit score are – credit history, credit balance, payment history, and recent new credits and so on.

CIBIL-like regime for corporate loans need of the hour, CRISIL-like regime not enough

What raises eyebrows is the absence of a similar regime for corporates like CIBIL who are by far the heaviest borrowers and defaulters.

Bang For Your Buck: Worried about your bad CIBIL credit report? Here's how to fix it

Here are few tips to improve your credit report.

What does “DPD” on your CIBIL credit report mean?

The “DPD” indicates how many days a payment on a respective account has been delayed.

Decoder: How credit information firms calculate credit score

Credit information companies like CIBIL calculates an individual's credit score through advanced analytics and assigns a number between 300 and 900 to a borrower, based on his/her credit history. The closer your score to 900, the more confidence the credit institution will have in your ability to repay the loan .

Joint loans: Here's how it affects your credit score

How guaranteeing a loan can affect your credit score and history

If lenders feel that the financial health of the end borrower cannot be determined standalone, or in case the borrower has no source of income, another option to get a loan processed includes involving a guarantor

Why you should think twice before guaranteeing a loan

While it is okay to guarantee a loan of a trusted relative or friend, it is important to understand the implications of the responsibility you are taking on as a guarantor. Here is what you must know.

Why you should not be too credit hungry or too credit averse

Only in India: Individuals are better borrowers than companies

Money is less about numbers and more about behaviour. And somehow, we have got this behaviour right, at least in the recent past.