Credit Bureaus

Credit Scoring Change the Lending Market Anyone who has ever applied for a loan or a credit card knows the importance of maintaining a good credit score.   Building a good consumer credit score involves a lot of financial planning and discipline and is a time-consuming process. In case you have no idea, a credit score is a three-digit number assigned by a credit bureau to every lendee, indicating their ability to repay a debt. In India, the credit score ranges from 300 to 900, where a score above 650 considered as good. This score helps the banks and lenders decide whether to pass you a loan and at what interest rate. A consumer credit score takes into account various factors such as total debt, payment history and the length of credit history. Credit Score - A traditional approach towards loan lending Risk is an integral part of the lending business. Naturally, the lenders have always tried various ways to minimize their risk. As such, they have traditionally relied on

Making the decision to obtain a loan is one of those scenarios you prefer to procrastinate until the need becomes real and pressing. However, just like all other ‘grown-up’ things in life, a personal loan too might someday become your reality. And if you believe us, it is not so dreadful after all, as it has been characterized into. In fact, in many ways, securing a loan today might just be more hassle-free than ever before, provided you have done your homework. Before you succumb to the persistent pressure of the rather persuasive marketing executive, you should consider the possibility of using financial instruments against loans. Financial instruments can be real or virtual documents representing a legal agreement involving any kind of monetary value. Equity-based financial instruments represent ownership of an asset. Most consumers are unaware of loans against securities, including shares, mutual funds, gold, and other financial instruments. Taking loans against financial