The difference between credit score and credit risk assessment can often confuse both retail and institutional customers. Yes, the terms are fairly similar to each other and often sound interchangeable. They both provide a measure of a borrower’s credibility as well. But there are certainly differences on how they operate, how they are calculated and […]
Category Archives: credit-score
The Winners and Losers in India’s Budget 2019
Prime Minister Narendra Modi’s government announced on 1st February an interim budget likely to boost his government’s popularity and woo voters in time for the 2019 General Elections. The budget, delovered by interim finance minister Piyush Goyal, includes several big announcements likely to benefit rural India and its lower middle-class populace. So let us have […]
Holiday on A Budget: 5 Tips for Making Your Holiday Affordable and Still Enjoyable
Holidays are often an expensive affair, with all the travelling, parties, gifts and everything else that we just have to do. But a budget holiday is not as impossible as it may seem, provided you’re willing to put some time and effort into planning it. There are several ways to save money on your holiday […]
Ways to Repay Loan Early
We encounter many situations wherein we have to rely on loans. And where there is a loan there is a debt that follows. We often become perplexed and overwhelmed after seeing the debt pile. This is often due to mismanagement. All that is required is a sense of systematic financial arrangement that will allow you […]
Planning for Retirement
“Retirement” .Do we need to think about it at all? If no, then perhaps now is the time to stop giving a cold shoulder to it. Being ignorant does not help carve a secure future. Though we are young and quite able at this stage in our lives. But do we think of times when […]
Setting Personal Budgets
In our lives today, it seems that we are constantly in our running shoes, because all we do is race to fulfilling our duties, necessities and obligations. Expenses are never-ending. How we wished that we could count the expenses on our fingers, but unfortunately we cannot. It has become extremely necessary to have a budget […]
How to Repair Your Credit Score?
Before conversing about fixing damages to the credit score. Let us talk about a good credit score. We often ignore credit score while applying for loans, and many of us unaware of the low score, until the lender rejects our application and informs us. We should not turn a deaf ear towards our credit score; […]
Unsecured Loans Versus Secured Loans
One of the most common questions that we ask ourselves is “What kind of loan do I opt for?” We take baby steps towards Loans. Loans are like those tricky questions in our exams, where we have to meditate hard to make the right choice. Deciding upon which loans to take depends upon numerous parameters […]
Default on Loan Can Severely Affect Your Credit Score
Authored article by Akshay Mehrotra, Co-Founder & CEO, EarlySalary.com Default on a loan can severely affect your credit history and may dramatically reduce your chance of getting any credit. Sometimes when we are young we choose not paying credit card for various reasons. Sometimes we just don’t have the money, sometime, the utility of the […]
Factors Impacting Your CIBIL Score
Nothing is worse than having a bad credit score, as it can tarnish your social image. How do I improve my credit score, what are the factors which hit your CIBIL score hard and what should we do to avoid them, are some of the common difficulties, most of the people go through but they […]