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 bad credit.

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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.

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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.

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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.

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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.

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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.