Credit Funda

Understanding the Impact of Closed Credit Accounts on Your Credit Score

Knowing how and when a closed credit account affects your credit score is crucial for maintaining financial health. The closure…

1 year ago

Transforming India’s Credit Landscape: The Rise of Youth and Women in Credit Self-Monitoring

India's credit landscape is undergoing a transformation, primarily driven by its youthful population. According to TransUnion CIBIL’s August 2024 report…

1 year ago

New RBI Reporting Guidelines: What Borrowers and Lenders Need to Know

The RBI has introduced a significant change in the way lenders report credit data to bureaus. This change is expected…

1 year ago

Understanding Credit Scores: Key Insights and Impacts

People are borrowing money at an unprecedented rate, with year-on-year credit growth surpassing 19 percent in the fourth quarter of…

1 year ago

Myth V/S Reality – How Credit Inquiries Really Affect Your Credit Score

Credit inquiries are often shrouded in misconceptions and myths. Many believe that every time their credit report is checked, their…

1 year ago

The Future of Credit Scoring in India: Innovations Shaping Tomorrow’s Credit Profiles

In the dynamic landscape of finance, credit scoring is undergoing a transformation that promises to reshape how individuals and businesses…

2 years ago

Understanding CIBIL Rank and Commercial Credit Reports for MSME Growth

The MSME sector is the backbone of the Indian economy and its growth. To boost the MSME sector, the Indian…

2 years ago

Essential Tips for Credit Newcomers

Embarking on your credit journey can be both exciting and overwhelming. As a newcomer to the world of credit, understanding…

2 years ago

Strategies for improving your credit score

Many individuals miss out on favorable credit opportunities because they underestimate the significance of maintaining a strong credit score. An…

2 years ago

Credit Score – A Crucial Aspect in Banking and Finance Job Applications

In June 2022, a 26-year-old commerce graduate, sought a probationary officer position at a prominent public sector bank. Unfortunately, his…

2 years ago