Knowing how and when a closed credit account affects your credit score is crucial for maintaining financial health. The closure of a credit account can
India’s credit landscape is undergoing a transformation, primarily driven by its youthful population. According to TransUnion CIBIL’s August 2024 report titled Empowering Financial Freedom: The
The RBI has introduced a significant change in the way lenders report credit data to bureaus. This change is expected to influence lenders’ risk-grading practices,
People are borrowing money at an unprecedented rate, with year-on-year credit growth surpassing 19 percent in the fourth quarter of FY24, according to a recent
Credit inquiries are often shrouded in misconceptions and myths. Many believe that every time their credit report is checked, their credit score takes a hit.
In the dynamic landscape of finance, credit scoring is undergoing a transformation that promises to reshape how individuals and businesses are evaluated for creditworthiness. India’s
The MSME sector is the backbone of the Indian economy and its growth. To boost the MSME sector, the Indian government is always supporting through
Embarking on your credit journey can be both exciting and overwhelming. As a newcomer to the world of credit, understanding the ins and outs is
Many individuals miss out on favorable credit opportunities because they underestimate the significance of maintaining a strong credit score. An individual’s credit history and score
In June 2022, a 26-year-old commerce graduate, sought a probationary officer position at a prominent public sector bank. Unfortunately, his application faced rejection due to
