Call us on 022 6263 2626
Whether or not one likes it or it is difficult not to have some kind of credit especially in current times. So you could have rolling credit in the form of credit card dues or it could be one of the many types of loans. However whatever the form of credit, right from day one each credit transaction, right from inception, to paying the dues and closing the account (whether on time or before hand) makes it way to your credit report and ultimately contributes to the credit scoring. So what can you do to stay credit healthy and avoid bad credit? Here are a few ways to do it:Learn more
Are you looking to get a personal loan or home loan? If your answer is "yes", then it's important to know that you have to have a good credit score to qualify.There are many people who apply for personal loans without CIBIL check. However, if their score is low, then they take damage in two forms- their loan application is rejected, and their score drops even further.Learn more
There are a lot of financial products available in the market which are designed for your financial needs and are always available at your disposal. Same goes for credit cards, there are a lot of card options by different card lenders which will give you different benefits. Many of us have a lot of myths surrounding credit cards and terms related to the same. One of them, which is the most frequently asked question is how many credit cards can I have? Is there harm in having multiple credit cards? Will that affect my credit score?Learn more
If there is anything worse than getting into a debt trap, it is bad debt advice. Bad debt advice may not only lead to larger financial worries, it can lead people into a cycle of debt problem that becomes near impossible to handle. The inability to handle such problems may have larger consequences like a debt ridden person facing mental health issues such as getting into a depression. It is thus advisable to be discerning about debt problem solutions that you may come across easily.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.