Arnav Aggarwal recently graduated from a reputed engineering college. He had a brilliant career in front of him and he was all set to make a leap to the real world. As soon as Arnav joined his first job he started getting numerous credit card offers with attractive introductory propositions.Learn more
At times we find that the size of our pockets is inversely proportional to our dreams. In simple words, sometimes what we want is way beyond our affordability. At such a time how you wish if you had enough money to buy that thing. If you could, may be, win a lottery.Learn more
Rakesh Sharma was feeling on top of the world. After 6 months of careful research and planning he was all set to buy his first SUV. He made sure that nothing goes wrong while he sets on to buy his dream vehicle. He was well aware that the CIBIL score plays a significant role in determining his eligibility for the auto loan. And he did almost everything right to ensure that he had an excellent credit score. Well almost! One small mistake landed him into such a trouble that he could never have imagined.Learn more
Shilpa Jain, 35 had just celebrated her 10th marriage anniversary. Her husband, Rohit was the sole breadwinner of the family and took care of all the financial aspects. Shilpa never gave any importance to the fact that she should also have a good credit score. For her (like most housewives), financial independence just meant having a separate bank account. She did not have any credit cards in her name.Learn more
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.
While Credit Sudhaar Finance will review the past defaults, it would not be to reject the loan application but to weed out the intentional defaulters and lend to those who have not been able to pay for some exigency.
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.
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.
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.