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Loans For People With Low Credit Score
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.
When one takes a loan they do not think about defaulting on a loan unless one is planning on being a willful defaulter. After taking a loan the borrower may find themselves in an unenviable position where they may not be able to pay the loan EMIs due to some unforeseen circumstances, in such a scenario it is important for the borrower to know everything about loan default procedure, what he/she can deal with the situation, what are his/her rights in such a situation and so on. So here is everything that you should know about loan default.Learn more
There are many situations in life when you are in urgent need of money and you will have considered taking a loan. Be it urgent medical expenses or an emergency in the family the best option which you will consider is to go for a personal loan.Learn more
Despite the fact that the credit bureaus have been in India for over 15 years now and have been in active operation for over a decade, people still have their own conceptions and misconceptions on the factors that impact this important facet of one's financial life. One of the questions that got asked in one of the forums was if the frequent job change will affect one’s credit score. Technically speaking, the same will not have a negative impact.Learn more
Financial stress undoubtedly is the highly taxing and leads to disrupting life and relationships. Goes without saying that the same is dreaded and undesired by one an all. However, due to unavoidable circumstances one do lands into financial mess. One of the major reasons is that people are unable to decode the warning signs and take corrective actions that may help in avoiding monetary trauma. Following is the list of 7 such signs that indicate towards troubles in future. If you would be able to realize in time, then you would even be able to work around your finances and evade these troubles.Learn more
The Reserve Bank of India has laid down rules for banks on all fronts. While on one hand our central bank keeps the banks in control so as the banking customers are able to get good services, on the other hand, the RBI has also come up with new set of rules to help banks in recovery of bad loans. We all have seen how the loans and credit facilities have been used and abused by the borrowers. This has led to mounting NPAs and high losses reflecting on the banks’ books.Learn more
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.
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.
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.
There are plenty of options on the market for people with limited credit history. Shop around to find the card with the lowest APR and fees you can qualify for. If you are having trouble being approved for cards, consider a secured credit card that requires a security deposit or ask a parent to add you as an authorized user on his or her card.
You can withdraw your credit report from any of the credit bureaus as many times as possible. This will not have any bearing on your credit score. However, the enquiries made by lenders can impact the credit score.
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.