How to repair your credit score
Investors India|April 2024
Fintechs have seen their personal loan portfolios rise at a humongous pace between 2017-18 and 2022-23. However, loans below Rs. 50,000 are showing signs of strain, according to a white paper brought out by Experian and the Digital Lenders' Association of India. If you have defaulted on a loan recently, here are steps you can take to repair your credit score.
How to repair your credit score

A credit score of less than 700 (out of 900) is regarded as poor. It can lead to the rejection of your loan applications or to high interest rates being charged from you. The credit score declines when customers default, make payments after the due date, or make too many loan applications within a short span.

People with poor credit scores face the dilemma that they need to take a loan and make timely repayments to improve their score. But when their score is low, lenders are unwilling to issue them a loan or a credit card.

هذه القصة مأخوذة من طبعة April 2024 من Investors India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 2024 من Investors India.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من INVESTORS INDIA مشاهدة الكل
Why Should One Consider Investing In A Large Cap Fund?
Investors India

Why Should One Consider Investing In A Large Cap Fund?

An investor’s ability to create wealth in the longterm is directly linked to how well they create an all-weather investment portfolio.

time-read
3 mins  |
May 2024
Meeting Medical Costs with Health Insurance Plans
Investors India

Meeting Medical Costs with Health Insurance Plans

A medical emergency can occur at any time and to any person.

time-read
6 mins  |
May 2024
Water: The Elixir of Life
Investors India

Water: The Elixir of Life

If there is magic on the Planet Earth, it is contained in water - Loran Eiseley.

time-read
6 mins  |
May 2024
The 100 Crore Wealth Legacy! A Vision
Investors India

The 100 Crore Wealth Legacy! A Vision

Generating 100 crores from modest investments is feasible with a long-term outlook, though market timing remains elusive.

time-read
2 mins  |
May 2024
Unleashing Potential: The Dynamics of AI in India
Investors India

Unleashing Potential: The Dynamics of AI in India

After attending the Microsoft AI Tour recently, I attended a few conferences and met with some government officials over the past few weeks during my macro tour.

time-read
5 mins  |
May 2024
The Growing Role of Philanthropy in Wealth Management: A Shift Towards Purpose-Driven Strategies
Investors India

The Growing Role of Philanthropy in Wealth Management: A Shift Towards Purpose-Driven Strategies

In recent years, India’s economic landscape has seen a notable shift with the rise of High-Net-Worth Individuals (HNWIs), who are reshaping the financial ecosystem.

time-read
2 mins  |
May 2024
Are You Drinking Too Much Coffee? If Yes, Then You Are Taking A Big Risk!
Investors India

Are You Drinking Too Much Coffee? If Yes, Then You Are Taking A Big Risk!

Coffee contains caffeine in maximum percentage:

time-read
6 mins  |
April 2024
LIC MUTUAL FUND
Investors India

LIC MUTUAL FUND

According to World Bank data, women represent 49.7% of the world population. In India, women represent 48.4% of the population but they contribute only around 18% of the GDP compared to 41% in China.

time-read
3 mins  |
April 2024
Maintain 15-20% exposure to US funds in your equity portfolio
Investors India

Maintain 15-20% exposure to US funds in your equity portfolio

2022 was a difficult year for stocks in the United States (US), particularly for the large tech companies known as FANG. Concerns about the Russia-Ukraine conflict, inflation, etc led to a significant drop in their values.

time-read
2 mins  |
April 2024
Systematic Investment Plan (Sip): Meaning, Benefits, How It Works
Investors India

Systematic Investment Plan (Sip): Meaning, Benefits, How It Works

We all dream of buying a car, dream house, gadgets, etc. This all can come to reality if we have strong financial planning. One of the best options is to start investing in mutual funds through a SIP (Systematic Investment Plan).

time-read
6 mins  |
April 2024