News
Secured credit cards: Unlocking credit and building a credit score for millions
2+ hour, 9+ min ago (762+ words) There has been growing awareness about credit cards in India, but the number of users still remains low, with 118. 6 million credit cards issued as of end-March, a penetration of only 8. 5%. This is because of strict credit appraisal processes that leave…...
Boost your borrowing power: How a healthy credit score improves loan eligibility, unlocks credit card benefits
1+ day, 23+ hour ago (382+ words) All credit card companies generally follow a risk-based pricing model while taking a call on interest rates. To put it simply, credit card users with a strong credit score and a healthy history of repaying loans are considered financially trustworthy....
AI-powered early warning systems are changing credit risk management
2+ day, 5+ hour ago (399+ words) Today, artificial intelligence is changing this approach. Early warning systems powered by AI allow lenders to identify stressed accounts before they turn into delinquencies. AI can analyse large amounts of data in real time and identify patterns that signal early…...
How credit card interest works: Even a "100 unpaid bill can hurt your pocket
2+ day, 20+ hour ago (439+ words) Credit cards are a commonly used payment tool that allows users to borrow money from a bank or card issuer up to a pre-approved limit. When used responsibly, they can offer convenience, fraud protection features and rewards, which may not…...
Why is BNPL popular, and what users often overlook?
3+ day, 19+ min ago (354+ words) A quiet shift is underway in how India spends, as salaries fail to keep pace with the rising cost of living. And somewhere in between wanting something and not being able to afford it, a new habit has taken hold:…...
Discrepancies in CIBIL report " How to correct credit score error?
3+ day, 18+ hour ago (473+ words) A credit score plays a major role in shaping a person's financial journey. Whether applying for a home loan, personal loan, or credit card, lenders heavily rely on this three-digit number, most commonly monitored by CIBIL. Financial institutions use the…...
Wondering why your bank just reduced your credit card limit? These could be the reasons behind it
3+ day, 23+ hour ago (126+ words) An unexpected drop in your credit card limit can severely restrict your buying power and damage your credit profile. Financial institutions adjust spending thresholds based on periodic risk analyses, past repayment patterns, and overall card usage. Both excessive card utilization…...
Credit card blocked? Follow these 5 simple steps to unblock it quickly
4+ day, 4+ hour ago (496+ words) A blocked credit card can become a major inconvenience and cause significant psychological stress. Especially when a user is looking to make urgent payments, book timed products or services such as flight tickets and meet other similar deadlines. In such…...
Credit card default: How bank settlements affect your CIBIL score and future loans
5+ day ago (242+ words) Missing credit card payments for an extended period can eventually lead to a default, after which banks may offer a one-time settlement option to recover part of the outstanding dues. While such settlements may provide temporary financial relief to borrowers…...
How a "settled loan" tag on your credit report can reduce creditworthiness and affect future loan approvals
5+ day, 7+ hour ago (347+ words) Any loan that is marked as "settled" on your credit report can easily feel like a financial burden lifted off your shoulders, but still, do remember that such a mark on your credit report can continue to cast a long,…...