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what is score simulators
What is a Credit Score Simulator and How Does It Work?

Category : CIBIL Score

Poonawalla Fincorp Team • Sep 04, 2024 • 528 views

A credit score simulator is a powerful tool designed to help you assess the potential impact of a loan or credit application on your credit scores. It allows you to experiment with various scenarios and actions, providing insights into potential score changes. Read on to know how the credit score simulator works.

better credit ratings
How Can Better Credit Ratings Help Fuel Growth for MSMEs?

Category : CIBIL Score

Poonawalla Fincorp Team • Jun 24, 2024 • 1350 views

The CIBIL MSME rank (CMR) serves as a vital credit risk assessment tool, helping lenders evaluate the creditworthiness of MSMEs. Understanding the significance of CIBIL rank for MSMEs is crucial to avail credit services to gain financial flexibility. By understanding the CMR, you can implement strategies to enhance your business’ credit profile and access better financial opportunities. First, let us understand what CIBIL MSME rank is and why CMR is important for an MSME. Scroll down!

what is cibil msme rank
What is CIBIL MSME Rank?

Category : CIBIL Score

Poonawalla Fincorp Team • Jun 24, 2024 • 3141 views

Micro, small, and medium-sized enterprises (MSMEs) are essential for growth and employment opportunities. At regular intervals, MSMEs require loans to fulfil various financial requirements such as hiring staff, buying the latest machineries, etc. When applying for an MSME Loan, lenders use the CIBIL MSME Rank to check the creditworthiness of the borrowers.

tips to meet credit resolutions
6 Easy Tips to Meet Your Credit Resolutions This Year

Category : CIBIL Score

Poonawalla Fincorp Team • Jun 24, 2024 • 1915 views

New year, new resolutions. But resolutions last only a month. Break this convention and challenge yourself to meet your credit resolutions. Here are 6 tips to meet your credit resolutions this year. Read on!

cibil score myths
11 CIBIL Score Myths Busted!

Category : CIBIL Score

Poonawalla Fincorp Team • Jun 21, 2024 • 746 views

CIBIL scores play a crucial role in determining an individuals creditworthiness. However, there are numerous misconceptions surrounding this scoring system that can mislead consumers. By understanding the truth behind these myths, you can make informed decisions regarding your credit health. In this blog, we will debunk 11 common CIBIL score myths and shed light on the facts behind them. Let’s begin!

what is hard credit inquiry
Everything You Need to Know About Hard Credit Inquiry

Category : CIBIL Score

Poonawalla Fincorp Team • May 20, 2024 • 946 views

Availing credit helps gain financial flexibility while ensuring financial stability in times of uncertainty or financial challenges. However, the application of too many credit facilities at the same time can lead to hard credit inquiry. This could also impact your credit score negatively. Read on to know more about hard inquiry and the effective strategies that will help you overcome its impact.

what is credit repair and how it works
The Ultimate Guide to Understanding Credit Repair

Category : CIBIL Score

Poonawalla Fincorp Team • May 20, 2024 • 1305 views

Credit repair helps in restoring your creditworthiness and improving the chances of getting loans in favourable terms. It involves the identification and resolution of inaccurate data regarding your personal details, account details, credit details, etc. Read on to learn everything about credit repair and the errors in the credit report that lead to a poor credit score.

hard credit inquiry vs soft credit inquiry
Hard Credit Inquiry vs. Soft Credit Inquiry: What is the Difference?

Category : CIBIL Score

Poonawalla Fincorp Team • May 20, 2024 • 960 views

Loans help you during financial emergencies. However, your credit score is the main criterion that decides your loan eligibility and terms. Hard and soft inquiries may occur when you or the lender checks your credit score to determine your creditworthiness. But, there are a few fundamental differences between the two types of inquiries. What are they? Read on to find out!

reasons why your cibil score may have dropped suddenly
7 Reasons Why Your CIBIL Score May Have Dropped Suddenly

Category : CIBIL Score

Poonawalla Fincorp Team • May 09, 2024 • 1491 views

A credit score is a three-digit number, which is an important factor in determining your creditworthiness. These scores may affect your chances of loan approval. If you have maintained a good credit score so far but there’s a sudden drop in credit score, you must look into the cause. This blog discusses the 9 potential reasons why your credit score has dipped. Read on!

what is cibil transunion score features benefits and impact
TransUnion CIBIL Score 2.0: Features, Benefits, Impact

Category : CIBIL Score

Poonawalla Fincorp Team • Apr 15, 2024 • 1162 views

TransUnion CIBIL, India’s leading credit information bureau, has developed the latest version of the credit scoring system, CIBIL TransUnion Score 2.0. It incorporates advanced technology to access and analyse individual data in detail, allowing lenders to make informed credit decisions. Lets understand the features of this new TransUnion CIBIL score 2.0 to gain a better understanding of its importance in the financial landscape. Keep reading!

what does 777 credit score mean
What Does 777 Credit Score Mean?

Category : CIBIL Score

Poonawalla Fincorp Team • Apr 15, 2024 • 4974 views

A credit score depicts your creditworthiness and repayment capacity. But is a score of 777 good? How does it impact your creditworthiness? Is there a scope for improvement? Let’s answer all your questions.

how becoming a loan guarantor can affect your credit score
How Becoming A Loan Guarantor Can Affect Your Credit Score?

Category : CIBIL Score

Poonawalla Fincorp Team • Apr 15, 2024 • 2743 views

A guarantor is an individual who guarantees to repay the debt if the borrower defaults. Lenders usually ask for a guarantor when the borrower does not have a good credit score or lacks the repayment capacity. However, before being a guarantor, you must know that if the borrower fails to repay the loan, it can affect your credit score. Here’s how being a guarantor affects your credit score. Read on!

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