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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.
CIBIL score is increasingly becoming a measure of one's credit worthiness. It is one of the most important qualifying criteria used by the banks to approve loans. A low CIBIL score can hamper your chances of getting approved for loans and credit cards. Even if you do get approved, a bad credit score will prevent you from getting the best interest rates.Learn more
Sandeep took an auto loan for his car 2 years back. He was regular in paying his EMIs but he lost his job a couple of months back. Owing to this he missed his EMIs too, last week he received a threatening call from a recovery agent. Sandeep was in a fix, he did not know what to do as he was clearly at back foot for not paying his dues.Learn more
Easy availability of credit ensures that you do not have to give up on any of your dreams due to lack of funds. However at the same time this also opens door for getting into a debt trap which means you have too much debt and you struggle to pay the dues. Debt consolidation offers a way out in such a scenario but what happens if you have a bad score too?Learn more
Life is uncertain and no matter how steady you feel you are, a financial crisis can leave a big impact on your personal finances and throw your future plans off gear. While this is not to say that you should have a pessimistic outlook towards life, being prepared for a financial crisis can indeed help in more ways than one. In fact, if you have your feet planted firmly on the ground, as far as your finances are concerned you can weather any storm! Here are some tips that you can use to plan for a financial crisis.Learn more
Identity theft is one of the fastest growing crimes and thousands of people are falling prey to it every year. ID thieves use a person's personal information like name, address, credit card number, and driver's licence number etc. to obtain a credit card or loan in victim's name. Despite the security measures taken by tech companies, today hackers can sneak into almost every device to get their hands on personal information and use it to their advantage.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.