Just read in the news recently that CIBIL and other bureaus like Equifax etc will have to give one free credit report free to customers every year.
- Is this true?
- Is this a proposal or already live?
- And will this be a special report or the usual detailed report?
Any one has more info on this. Pls share.
What are the different status against the loan that can come in my CIBIL report? What do they mean.
Specifically – does settled and closed status mean the same ? if not, what is the difference and the impact on my score etc.
I have a currently running personal loan which has another 2 years before its fully paid back. I am in need of some more money. I am told that I can get a new Personal loan (my repayment history is good) or even get a top-up from the current bank on the existing loan.
Apart from the rates etc, what other parameters should I keep in mind. Which is better from a credit score perspective.
Any inputs would be helpful. thanks.
I am curious to understand how is a credit score calculated. what all parameters are incorporated by the CIBIL algorithms
I am planning to take a car loan and I have been pitched both regular EMI and advance EMIs. While I am clear about EMIs and their calculations, the whole idea of advance EMIs are still unclear to me.
What exactly is an Advance EMI plan? How does it work? When & why should one opt for it. Thanks.
I have multiple loans on my credit cards, a few personal loans and a home loan too. I was told by someone that I should try & get a loan/debt consolidation done.
Can you pls explain what debt consolidation means and do I need to get a debt consolidation done.
If you can give me a framework it would help. I am not comfortable sharing my loan details here in public.
I have a few loans running and on one of them I am being reported as a defaulter. Will settling this loan help me improve my score? Will it be a significant improvement? Should I settle or just ignore, because my track record in other loans is just perfect.
On this loan, there is a dispute and I am not very keen to pay the bank
Is it possible to use my Credit Card to repay my loan EMIs? I am currently unable to provide for cash in thebank account from which my EMIs are deducted. is it ok to use my credit card to pay my EMIs?
If yes, how do I go about it
Does the prepayment of a loan (say a home loan) impact my Credit Score.
Does it vary by partial vs full prepayment of the loan?
8 yrs ago I had to pay HSBC 1,10,000 in credit card dues. I discussed with the bank and we agrfeed on a settlement plan. Under this plan, I paid 65,000 in a settlement to HSBC. I just got my CIBIL report and noticed that the bank has shown this in a negative way – because of this, I am unable to get a loan now or even get an increase in my credit card limit.
Do I have a way out? What should I have done differently for this to be avoided?