Everyone out there has one question in common, that is “how my credit score calculated?” But before that we should know about what credit scoring is and what credit scoring model is. “Credit Scoring” is a statistical system creditors use to determine whether to give you credit or not, they determine your creditworthiness in terms […]

If you think of applying for a business loan, irrespective of the amount, lenders or banks will assess your creditworthiness and comprehend whether you are eligible for loan or not. The decision is based on some factors such as your past credit history, loan amount on your company’s name, and more. This creditworthiness is quantified […]

Having 750 Credit Score is a standard benchmark if you want to avail loan or credit card, below this will lead you nowhere. But opposite to this if you have 750 + credit score then it will help you figure out your desired loan amount or higher credit card limit. Many people dream of availing […]

Your credit report is not just a piece of paper but an important factor behind many things in your life such as the home you live in, the job you get, how much money you can borrow and how much interest you will pay. In nutshell, your credit report and score are important to your […]

Your credit score is the main factor which makes you either high risk, or low risk profile in terms of lending you a credit. Whatever mistakes you do with your financials, will be directly reflected on your credit report which shall further result in a low credit score. So it is necessary to check your […]

When it comes to credit report and credit score, there are lots of rumors or misconception you have heard from your relatives, friends, and neighbors. There are a plethora of myths about what you should and shouldn’t do to manage your credit. But all what you have heard are not right and may cost you lowering […]

The information on your credit report impacts your credit score both in a positive and negative sense. Your credit score is a tool which lenders take into consideration to determine your ability to obtain credit. Poor credit score will either keep you at bay from obtaining credit or place you in a high risk category […]

Credit Bureau also known as a Credit Information Company (CIC) is a central repository that collects, collates and maintains credit and loan related information of individual and commercial institutions. Each lending institution by law has to be a member of at least one credit bureau and report credit information to it on a periodical basis. […]