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Loans For People With Low Credit Score
Your journey from rejection to approval of loans begins here !
Credit Sudhaar Finance is an NBFC (Non-Banking Financial Company), which offers loans to people, who have low credit scores and are struggling to break a cycle of poor credit.
India is a country with ample career opportunities especially in the metro cities such as Mumbai, Bangalore, Delhi, and Pune. If you have the right education and the right skills, you can get the job you want for sure. However, even with a huge package you can’t always expect to enjoy complete financial freedom.Learn more
Today, more and more people are becoming smarter with their personal finance. And one of the main aspects of this is to monitor your credit score on a consistent basis. This is because it's a score of your financial health and creditworthiness, which is something that will follow you your entire life.Learn more
There are people out there who do feel that the credit score is not something that would need to be administered regularly. This is on account of the fact that this score of one's historic performance on credit does not impact day to day life. But this notion is as wrong as one not taking care of the physical wellbeing. Credit scores are an integral part of one’s financial health. At least in today’s day and age; where each individual needs access to funding from lending institutions to meet their financial objectives.Learn more
If you are a financially conscientious individual, you already know that your credit score is very important in this day and age. Credit is omnipresent and you are probably using credit to buy everything from groceries to gadgets! It is a perfectly fine practice so long as your credit score is in order as it is considered as a barometer of your financial health and is referred to by lenders when you apply for a fresh line of credit.Learn more
Yes, getting a loan in individual capacity is definitely possible despite having a bad credit score. Credit Sudhaar Finance has introduced "Plus Loans" product for individuals who have stressed credit history owing to mistakes made in past.
Loan application can get declined for various reasons. The credit score or credit status is one of those. But borrower's credit score also happens to be the most important and dominant reason impacting the outcome of a loan application. The other reasons for decline could be failed verification, incomplete documentation apart from the credit policy of the bank.
The low credit score generally leads to rejection of loan application. Credit Sudhaar Finance has introduced an innovative product that aims to extend loans to those who have low credit score. Irrespective of the reason for low credit score, including delinquent accounts, Credit Sudhaar Finance will evaluate the application and will lend if the borrower meets the laid down criteria.
There are plenty of options on the market for people with limited credit history. Shop around to find the card with the lowest APR and fees you can qualify for. If you are having trouble being approved for cards, consider a secured credit card that requires a security deposit or ask a parent to add you as an authorized user on his or her card.
You can withdraw your credit report from any of the credit bureaus as many times as possible. This will not have any bearing on your credit score. However, the enquiries made by lenders can impact the credit score.
There is no particular loan defaulter list. The underwriting is based on the data available on applicant's current and past accounts available on the credit bureau report.