Tag: Credit Score

Learn simple and practical ways to improve your credit score in 2026 by understanding repayment habits, credit usage, and financial discipline.

Defaulting on a loan is a challenging experience that can significantly impact your credit score and financial opportunities. However, default doesn’t have to be the end of the road. With the right strategy, patience, and commitment, it’s possible to rebuild your credit and regain financial stability. Here’s a guide to help you navigate the steps toward credit recovery and restore your creditworthiness.

Explore the pros, cons, legal safeguards, and credit impact of One-Time Settlement (OTS) in India. Learn when to opt and how to negotiate effectively.

Learn the legal framework of loan restructuring, RBI guidelines, and their impact on borrowers and lenders. A practical approach for managing financial hardship.

A credit score is a three-digit number used by banks, NBFCs, and lenders to assess whether a person is eligible for a loan or line of credit. It was Bill Fair and Earl Isaac who founded Fair, Isaac, and Company in 1956, creating a standardized credit scoring system. It represents the level of credit risk a person poses. Despite its significance, many people have limited understanding of what a credit score is and how it fluctuates. Every individual is assigned a personal credit score, even within a marriage, indicating the risk associated with providing them a loan or line of credit. Credit scores typically range from 300 to 900, with higher scores indicating lower interest rates on repayments.

Understanding borrower rights is crucial in navigating loans. From interest rate regulations to legal protections, ensure transparency and fairness while safeguarding against unfair lending practices and harassment.