Credit Score News

Credit score and reports are distinct tools for assessing creditworthiness. A credit score, ranging from 300 to 900, indicates risk levels, while a credit report details an individual’s or business’s credit history. Understanding both is vital for maintaining financial health.

Learn how to improve your credit score from 650 to 750 with sensible steps such as timely EMI payments, low credit utilisation, and monitoring credit reports. Strengthen your financial profile and unlock better personal loan and credit card offers in India.

A credit score of 550 is considered poor in India, making it difficult to apply for and obtain loans or credit cards. Learn what this score means, its limitations, and discover five expert-recommended ways to rebuild your credit score quickly and effectively.

Having multiple credit cards is common in today’s financial landscape, but it can either improve or worsen your credit score based on management practices. Poor behaviors can lead to liabilities. Educating oneself about credit is essential before applying for credit products.

Divorce does not impact your credit score directly but it leads to certain consequences which may indirectly impact your score

A good credit score in India for 2025 is a reputable score of 750 or above. This write-up explains what defines a strong credit profile, how to improve your credit score, and why it matters for better loan approval and lower interest rates.

Repaying credit card debt may lead to a temporary drop in credit scores. Settlements can relieve financial burdens but leave a ’settled’ status on credit reports. Proactive credit management is essential for recovery and future financial opportunities.

At times, you may come across an unauthorised or erroneous loan enquiry in your credit report. You can get it removed by raising a dispute with the CIC.

We list out some important tips to help you maintain an impressive credit score. For example, you must make sure to maintain a healthy credit mix. Instead of depending on one form of borrowing, say credit card, you could maintain a healthy mix i.e., loan, credit card & overdraft, among others.

India’s evolving socio-economic landscape emphasizes financial management and literacy as a growing young population enters the credit market. Understanding credit scores and reports is crucial for borrowers to manage credit responsibly and maintain financial awareness.