There can be nothing more delightful than starting your business. However, one of the major hurdles that many people face when starting a business is financing the venture. Apart from selecting the type of loan that is easy on pocket and meets your need, you may also face a major hurdle- having the right credit
Whether you prefer a direct online lender, a Fin-Tech lender, a commercial bank, a community bank, or peer-to-peer lender, your credit profile will be judged. This fact is beyond any confusion or doubt. A lender always makes an initial judgment of the loan seeker; i.e., an individual or a business group. Here we will share
The steps of applying a small business capital have been discussed here. If you are in that group of business tycoons who don’t have enough knowledge about it, just look at our today’s post. To get capital for your micro, small, or medium enterprise, you are likely to fulfill all the requirements. Your application will
No matter it is a product based business or a service based, your business needs to maintain its profit line. Improving the business loan eligibility is a great way to secure a sustainable growth in business. For ensuring business growth by the enhancement of your creditworthiness, you are supposed to know some secrets that involve
If you have a credit score that is lower than your expectation, you must be expecting to rebuild it as soon as possible. Well, the problem comes when you think that you don’t know the formula. Read our today’s post and know some exceptional ways to keep your creditworthiness for all intents and purposes higher;
Social Scoring is a quantitative measure; it is popular stratagem among the lending agencies based in Delhi, Mumbai, Hyderabad, Pune, Kolkata, Jaipur, and Chennai. Used for providing the lenders a brief estimation of future loan performance of a borrower, social score helps a lender in adjusting an interest rate which is convenient for both the
Limited access to credit is considered as one of the most operational factors that are not allowing the micro, small, and medium enterprise sector to move and grow. However, the same sector is playing a prominent role in country’s economic growth, which is visible in many developing countries, even in India. It should be kept
Introduced by the Credit Information Bureau (India) Limited (CIBIL), Credit score is basically the symbolic representation of your credit status or the pay back capacity. It is calculated on the basis of five diverse factors. Payment history (thirty-five percent), length of credit history (fifteen percent), types of credit used (ten percent), credit utilization (thirty percent),
Maybe the factors like an economic failure or late payments have unexpectedly pulled down your credit score and you are worried about it. We are here to pull down your worry as we have brought forward some mind-blowing facts that will help you in rebuilding your credit score. Yes, you can establish your status rather
Your current credit condition can be represented by a numeric term, called as a credit score. The importance of credit score is huge in credit transactions. It represents the current status of your financial relationships. In a single, it is the representation of your credit repaying capability. Credit score determination is also considered as an