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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.
Education is often considered a stepping stone to a better life. Education loans are made available at fairly easy terms and competitive rates available due to government efforts to ensure that deserving students do not have to miss out on the chance of getting a higher education due to lack of funds. Having said that it important to mention that to be eligible for these loans certain conditions have to be fulfilled just like getting into a good college requires certain basic conditions to be met. A good credit history is a must for anyone seeking any loan and the same applies to an education loan too.Learn more
Do you think you don’t need to care for your credit score if you don’t need a loan right now? Think again. By failing to improve your credit rating, you risk losing a lot more in your life than you can imagine.Learn more
Anyone seeking to apply for a loan knows that they have to fill the required forms and also submit the required documents to the lender to initiate the loan application process. Loans are sanctioned only if the applicant meets the eligibility conditions as laid down by the lender. However before the documents are scrutinized a crucial hurdle needs to be crossed for the application to go to the next stage. The credit report of all applicants is scrutinized and if that is as per what is acceptable to the lender then only the application goes to the next stage.Learn more
You applied for a loan recently and your bank rejected the application citing poor credit score. Now you stare at your credit report wondering where you went wrong. Well, if it makes you feel any better, you aren’t the only one. The problem of low credit score is fairly common in India as well as abroad. Even the reasons are the same everywhere which include late payments, high credit utilization, etc. The good news is that it’s possible to improve your score and you can do it yourself.Learn more
Responsibility. A Single word with a lot of weightage. And it’s not mere a thing. One is characterized by the number of responsibilities that they have taken care for. And now, while taking about financial responsibilities, one really has to make sure that the credits that they have taken should be taken care for and paid at the right time.Learn more
Most of the populace is aware of the fact that the credit profile plays a vital role in access to credit and loans. In case you are the one who has poor credit and are looking at buying a house for yourself, you must be concerned about the availability of a loan for same. Since buying the house is a large ticket purchase and can only be achieved through loan proceeds, in most of the cases, obtain-ability of funding from the lending institutions becomes a must.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.