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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.
Money may be a means to an end, but it is still important for you to lead a peaceful life. For that very reason, it is important for you to manage your money well to be able to meet your financial responsibilities and go about life as planned. What most of us do not realise about money management is that it may be our own mindset dragging us down.Learn more
Finance management is not easy. Whether you are a bachelor salaried professional or a married individual with a family, you have to manage a number of expenses, bills, etc. which can be quite tedious and time-consuming. However, you can't afford to make mistakes if you want to protect your CIBIL score.Learn more
A personal loan can be taken for various reasons like paying old debts, refurbishing the house, holiday, medical emergency, exigency of funds, investments, weddings and much more. It is an unsecured type of loan where there is no security kept against the amount borrowed. Banks usually do many background checks before sanctioning the personal loan as it is one of the risky kind of loan that is to be approved.Learn more
"A small lie is better than a painful truth" is a saying that has been heard by one and all. However, it may not be applicable to all situations. In terms of default it is a lie that default on payday loan will have little impact on the borrower. The plain truth is that default of any amount is a default and will get treated as one. It will have a negative impact on host of fronts for the borrower. Some people have this misconception that small ticket loan, that a payday loan is, will not impact them as much as the larger ticket loan default would. Let us look at how a default, irrespective of amount, will affect the defaulter.Learn more
If you want to be financially secure, then you must have a high credit score. This is because your credit score determines how easily you can get loans and credit cards, and also the maximum amount that is offered to you. However, to achieve that feat, you must take several measures one of which is checking your report for mistakes.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.