Facing a decline in Loans due to Low Score?? Tired of rejections ??

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.

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Reasons Why Senior Citizens Need a Good CIBIL Score

  Fri, Apr 28, 2017     written by : CSF-Team

You have had enough of the rat race and now you are looking forward to your "relaxation days". No, we are not talking about a holiday but your retirement days. Certainly all this while you have toiled hard to pay off your debts and have probably built a strong credit history with a high credit score. Perhaps, you are now debt free. Don't lose all of it by assuming you don't need a good credit score anymore.

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How a bad credit personal loan improved my CIBIL score

  Wed, Apr 26, 2017     written by : CSF-Team

Credit score of an individual may be just a three-digit number, but one does not understand the significance of CIBIL score unless a poor credit score hampers one's financial plans. I am Vinay Shukla, and my experiences have taught me that score may be a make or break when it comes to applying for a fresh line of credit. Let me tell you the story of how I was able to redeem my score with a personal loan for low CIBIL score.

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The right way to apply for a personal loan with a low CIBIL score

  Fri, Apr 21, 2017     written by : CSF-Team

There are times in life when you are faced with a sudden financial crunch and you are in urgent needs of funds. All you need at such times is a lender who gives you a quick and hassle free. To get over this financial emergency, you think it is best to apply for a personal loan and to your horror you discover that your loan application has been rejected because of a poor CIBIL score. There is barely anything more nightmarish than this! If you are currently in a situation like this, we have some good news for you. A low CIBIL rating is not the end of the world. You can still get a personal loan with a bad CIBIL score.

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Your history guides your future: Your credit history-A case study

  Thu, Apr 20, 2017     written by : CSF-Team

When Brian Lobo got a job at the age of 23 in 2014, a credit card that he got soon after, became his prestige symbol. Be it a Friday night visit to a pub or and expensive make up set for his girlfriend, his credit card funded it all! All was well for Lobo till he did not have any financial responsibilities as his father had still a good five years to go until retirement. Thus, Brian spent 80% of his income in paying off his credit card bills. Credit score and loans for bad credit were things he remained blissfully unaware of.

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Q- Why do loan applications get declined?

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.

Q- Will Credit Sudhaar Finance take my past defaults into account while underwriting as any other lender will?

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.

Q- What is loan for low credit score?

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.

Q- Can I get a personal loan with bad credit score?

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.

Q- What is a loan defaulter list?

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.