Around The World


  Free Credit Score in India


   Credit Sudhaar Review



Why Is It Critical To Have An Error Free Credit Report?


  Fri, Jan 13, 2017     written by : CSF-Team

Tia was in for a rude shock when all four of her credit card applications were rejected. She was hoping to be approved for atleast a couple of them, which her pals said were "most happening" cards. She was told it was because of her CIBIL score. For poor Tia the series of shocks continued when her muddled credit report arrived. She resolved to set it straight once and for all.

Learn more


Consumer Alleges Wrong Reporting On Credit Reporting Agency


  Wed, Jan 11, 2017     written by : CSF-Team

Excessive debt is never a good thing, and research reveals that the ramifications may be worse than what was previously believed. There are consequences that hurt not just your financial well-being, but your physical and mental health can also be at stake.

Learn more


How Bank Loan Defaulter List Impacts the Loan Approval - The Case


  Fri, Jan 06, 2017     written by : CSF-Team

Rajashekhar M. Swamy was a bright student and a dotting son. His parents were simple, religious and people with integrity. Swamy's father always wanted to join the army but owing to "flat feet" he failed the physical test. Although, he couldn’t make it to ranks but he never burdened Swamy with his dreams.

Learn more


Impact of Low CIBIL Score on Education Loan


  Wed, Jan 04, 2017     written by : CSF-Team

( The Case ) Rajendra P. Kapoor or "Raj" was basically a good at heart sort of person. His only philosophy in life was, "you live only once, so enjoy it to the max." He would take unplanned vacations, throw random parties, buy expensive phones and more. He had an array of credit cards as he just loved carrying a wallet-full of them. He always believed in using credit so much so that he had a home loan, a loan against MF holdings and a personal loan apart from his collection of cards. To his credit, he had a fully paid car loan.

Learn more


Impact of company promoters' low CIBIL score on company loans - A Case Study


  Sat, Dec 31, 2016     written by : CSF-Team

M/s Zen Computronix India Ltd. and M/s Matrix IT Solutions Pvt. Ltd were fierce competitors. They were both in the business of manufacturing, supplying and exporting Laptop ICs. These are important parts that ace laptop manufacturers sourced from them. They had common business interests and a common market place. Naturally, they would often lock horns for manufacturing and consignment orders.

Learn more


Credit Report Error Can Lead To You Looking For Bad Credit Personal Loan - Cases Under Review


  Wed, Dec 28, 2016     written by : CSF-Team

No one is perfect. Credit bureaus and their staff is no exception to this universal rule. Credit bureaus receive customer data from various lenders which is then fed into individual reports. They often mix up data and botch up several scores. It is no surprise that a bad score acts as a bottleneck to credit. It may not be your fault and yet you may have a poor score.

Learn more


Using snowball method to repay your debts


  Sat, Dec 24, 2016     written by : CSF-Team

(Case Study) Mr. Rajat Kumar, 40, a professor in a private university had a stable job and income. But managing too many debts was giving him a headache. Besides having an outstanding balance on 2 of his credit cards he had also taken a car loan and a personal loan. However hard he tried to pay them off the bills kept on piling and the debt never seemed to shrink. He wanted to pull himself out of this debt trap but did not know how to go about it.

Learn more


Now get a loan with bad CIBIL score


  Wed, Dec 21, 2016     written by : CSF-Team

A CIBIL score is a reflection of your past financial habits. The score gives a true picture of how you have handled your loans and credit cards. If you are looking to borrow money then unquestionably this score will be used by the lender to decide whether you are a worthy borrower or not. A high score is a sign of responsible financial behaviour and it increases the chances of approval. But what if you do not have a very good credit score? Does it mean that you have struck a dead end? Well the answer is NO. (Hope this gives you a sigh of relief!)

Learn more


5 Common Reasons Why People Default – A Series of Short Case Studies


  Saturday, Dec 17, 2016     written by : CSF-Team

In the pre-credit scoring days, lenders often borne the brunt of defaults because people would take their debtors for granted. Even if a borrower was blacklisted by one lender, another unsuspecting lender was always available to lend. The poor lenders were at the receiving end, every time. Over time it was realised that all defaults are not intentional. Sometimes, life’s turbulent events rendered borrowers incapable of repaying their debt while at other times it was sheer ignorance.

Learn more


Impact of identity theft on your credit worthiness - Case Study


  Tue, Dec 13, 2016     written by : CSF-Team

Satish Bhatia, a small businessman in Mumbai had an impeccable credit history one year back. He had never faced any difficulty in getting loans in the past. He had two credit cards and a car loan and he always made his payments on time. He was aware of the importance of a good credit score, so he never let his debts out of control.

Learn more


Should You Buy Card Protection Plan to Secure Credit and Debit Cards


  Friday, Dec 09, 2016     written by : CSF-Team

Tarun, a young IT graduate, working with a renowned IT firm in Gurgaon, was baffled to see his credit card statement showing transactions of Rs. 90, 000/- which he couldn’t identify. He digged through his belongings but could not find his credit card. That is when he realised that he was a victim of credit card fraud. His ordeal did not end here. Since the damage was already done he had to pay for them through his nose. Tarun paid 90k to the issuing bank for transactions he did not authorise.

Learn more


Learning how to go cashless in the wake of demonetisation- A tale of an ordinary Indian


  Tue, Dec 06, 2016     written by : CSF-Team

Case Study - On the evening of November 8th, Manpreet Kaur, a Mumbai based homemaker had settled in front of the TV to have her dinner after she had put her toddler to bed. Like always, she decided to browse some news channels before switching to her favourite daily soap. Only this time she remained fixated on the TV screen as she watched the Prime Minister declaring notes of Rs 500 and1000 illegal tender.

Learn more


Does risk-based pricing really exist in India?


  Fri, Dec 02, 2016     written by : CSF-Team

(Case Study) Akshay and Abhijeet have both applied for home loans at the same bank, where they are both account holders. Their loan amount too is the same, and their paperwork is in order. Akshay has a credit score of 870, while Abhijeet has a credit score of 700. Now here’s the deal – while both Akshay and Abhijeet were offered the loan they had applied for, the terms and conditions of their individual loan offer letters were starkly different!

Learn more


All That You Wish To Know About Peer To Peer Lending


  Tue, Nov 29, 2016     written by : CSF-Team

A young Smita was nonchalant about her finances and only wanted to enjoy life. It was only after her loan application was denied by almost all banks & NBFCs that she realised how her careless approach towards her creditors in the past had caused damage to her score. Today she struggled to find a lender to fund her project. But this time she was determined to turn overleaf and show a new side of her, by being a responsible borrower. The internet gave her a solution. P2P lending sites provided relief.

Learn more


Can I Get A Home Loan With Bad Credit Score?


  Fri, Nov 25, 2016     written by : CSF-Team

Moving into your own home is everyone’s dream. Given the current realty market and property prices, home loans are indispensible. Credit scores are the foremost checks that you must clear to be eligible for a loan. Does that mean that a low credit score is a dead end to all your credit aspirations? Absolutely not.

Learn more


How Income Plays A Challenge In Getting You A Loan?


  Tue, Nov 22, 2016     written by : CSF-Team

Have you heard the story of a nomad who found a magic lamp and wished that whenever he poked his hand in his pocket he always had an exact amount of money to pay for his needs? So whether he wanted Rs. 10/- to pay for a rose or buy a car worth Rs. 10 Lakh, he always had the entire amount in his pocket. Most would assume he would never need a loan. But what most don’t know is he would never be eligible for a loan. He had no proof for the source of his income!

Learn more


How to register your issues with the Banking Ombudsman of the RBI?


  Wed, Nov 16, 2016     written by : CSF-Team

Case Study - Sunil Verma, based out of Mumbai, holds a bank account with one of India's leading private sector banks, where he has also availed of an auto loan to purchase a new car. Two months ago, his bank account was debited twice towards EMI repayment, for apparent non-payment in one month, without any prior intimation to him from the bank. Given that payments had been made on time, Sunil even brought this to the notice of his bank immediately; however there was no action taken by the bank, neither was a satisfactory resolution provided to him.

Learn more


5 Habits That You Need To Get Rid Of To Become Eligible For Loan with Bad CIBIL Score


  Fri, Nov 11, 2016     written by : CSF-Team

Mr. Krishna Kumar was sure his daughter Riya deserved nothing but the best. For her sixteenth birthday, he decided the latest iPhone replete with accessories is what he would gift her. Since there was still time for him to receive his salary, he applied for a personal loan. But his loan application was denied due to low CIBIL score. All he wanted was to see his daughter happy. Was he asking for a lot?

Learn more


5 Personal loan mistakes to be avoided-CASE STUDY


  Wed, Nov 09, 2016     written by : CSF-Team

Rajiv Arora, like any other middle class Indian parent wanted to fulfil his child's career ambitions. Though he had saved enough in his 25 years of service in a private sector company it was not sufficient to fund a specialized course abroad. His child was looking for a global exposure and aspired to pursue his higher studies in the US.

Learn more


How can a personal loan with low CIBIL score help in building the credit health


  Friday, November 04, 2016     written by : CSF-Team

Varun Kapoor, a young software professional worked hard to save up for the down payment of his dream car. He had a stable job and the capability to make timely repayments of EMIs of a car loan. After a thorough research he applied for an SBI car loan that offered an attractive rate of interest. He was confident of getting an approval as he had provided all the supporting documents and proof of income that was substantial enough to cover the EMIs. But to his surprise his loan application was turned down and the reason stated by the bank was that he had a low CIBIL score.

Learn more


Credit Sudhaar Finance launches Plus Loans


  Thursday, November 03, 2016     written by : CSF-Team

Are you struggling to qualify for market –leading loans because of a bad credit history? Is a bad credit score keeping you from getting funds that you so badly need? Don’t let your past credit mistakes come in the way of your future financial plans.

Learn more


Can you really lead a life free of financial slavery?


  Friday, October 28, 2016     written by : CSF-Team

Financially slavery is something that is often spoken in the same vein as credit. You will find many discourses that tell you that taking long term loans is signing up for financial slavery. In fact, this is the reason that most people above fifty who belong to a previous generation are likely to tell you that they can never imagine living a life on credit. Although mindsets have hugely changed from back then and youngsters today are far more comfortable with the idea of availing credit.

Learn more


A few borrowers may literally get hurt by debt


  Saturday, October 22, 2016     written by : CSF-Team

Excessive debt is never a good thing, and research reveals that the ramifications may be worse than what was previously believed. There are consequences that hurt not just your financial well-being, but your physical and mental health can also be at stake.

Learn more


Understanding the role and importance of CIBIL score


  Wednesday, October 05, 2016      written by : CSF-Team

With the lending scenario having become stringent over the past few years, banks and other financial institutions when reviewing a loan application make sure they have certain checks in place prior to taking a decision on whether to extend credit or decline the request. This is because ultimately a lender takes a risk by offering a loan, and from their perspective it becomes important to know how likely the borrower is to default, or not repay the loan.

Learn more


Personal Loans for Bad Credit


  Tuesday, October 11, 2016     written by : CSF-Team

Banks do a thorough background check before sanctioning a loan or a credit card. They check the CIBIL score of an individual to determine whether he has been responsible with his past loan repayments or not. People with a bad credit score often find it difficult to get loan approvals as they are considered as risky customers who are likely to default on loan payments in future.

Learn more


Frequent Credit Mistakes that borrowers make


  Monday, October 17, 2016     written by : CSF-Team

Most of us use credit in some form or another in current times. While we may be using credit cards and getting loans there are small aspects which we may ignore and which can end up harming our credit health. So here are few mistakes that all consumers should avoid. All these have a negative impact on Credit Score and Underwriting Process on the loan applications and one may end up getting rejected and evaluating options on loan for bad credit score.

Learn more