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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.
You may already know that a bad credit score is never good. However, do you know exactly how it affects your life, or rather the precise areas where it causes the most damage? Don’t worry if you don’t know the answer to this question, as in this blog, we will discuss all of it in detail.Learn more
Today, more and more number of people have started using credit cards. This is because the mindset towards digital modes of payments especially regarding security and safety is changing now. The card issuers are also offering a slew of discounts on select shopping centers, online stores, etc. to attract more customers. However, this doesn’t mean that you should use plastic money without any concerns. If you are building up debt with your cards with unnecessary purchases, then it can lead to low CIBIL score. So, it’s important that you take the following measures:Learn more
Most people take some form of debt at one point or another. Whether it’s credit cards or personal loans, home loans or business loans, it’s likely that you will use at least one of these financial products in your life. The good news is that contrary to what many people think, debt isn’t always a bad thing.Learn more
Your credit score is a representation of your financial health, which is what makes it important enough for you and sit up and pay attention. With a healthy score, you can look forward to a healthier financial life as well, and avail the best offers on loans and credit cards. Otherwise, getting a loan for low CIBIL score can be quite a challenge!Learn more
A credit score is a three digit number which determines if you are credit worthy to your future lenders. It’s an easy process to get your cibil report done and get a loan if you are in the higher side of it. On the other hand if you lie on the lower side of credit score it’s not only hard to get a loan but also is hard to get through other aspects of life where a credit score check is done. Now, you must be thinking, a credit score is only important in finance world why should I be bothered, if I am not planning to take any loan in near future. This is where you are wrong; a credit score is used by many entities to check if you can manage your finances properly.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.