Friday, December 20

Tag: credit report

No-Cost EMI: How to select the best no-cost EMI plan?
8Dec By adminNo Comments
Business

No-Cost EMI: How to select the best no-cost EMI plan?

If you have a specific need for a product and are confident in your ability to make monthly payments, a no-cost EMI plan can be a convenient way to make your purchase. No-cost EMI allows you to get a product without paying the full price upfront, which can be helpful when on a budget or for high-value items. Here are some tips for using no-cost EMI plans wisely:Important Things to Consider Before Opting For A No-Cost EMI OfferCompare Offers: Different lenders and retailers may offer various no-cost EMI options, so it's wise to compare before choosing.Check Eligibility: The eligibility criteria may vary based on the retailer, financial institution, and the product you want to buy.Budget Properly: Ensure you can comfortably meet the EMIs before opting for a no-cost EMI plan. Calculate the t...
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Credit score vs. credit report: All you need to know
14Nov By adminNo Comments
Business

Credit score vs. credit report: All you need to know

Credit score vs. credit report is often most frequently asked queries when it comes to understanding the nuances of your credit health. Let's break down these terms to empower you with the right knowledge necessary for informed financial decisions.What is a credit score?Your credit score is a three-digit number that serves as a quick assessment of your creditworthiness. Ranging from 300 to 900, this score is derived from a complex algorithm that evaluates various aspects of your credit history.The factors include your payment history, credit utilization, length ofcredit history, types of credit, and new credit.A higher credit score generally indicates lower credit risk, making you more attractive to lenders. It's a numeric representation of your financial habits and is crucial when applyi...
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Credit Card: 5 ways to make the most of your credit card rewards
14Nov By adminNo Comments
Business

Credit Card: 5 ways to make the most of your credit card rewards

The credit card market is flooded with options, each catering to different needs. Credit cards nowadays come with enticing perks like cashback, travel benefits, and reward points. The competition among card issuers is fierce, with each trying to attract new customers by offering increasingly attractive rewards. To maximize your credit card benefits, follow these tips:1. Choose the Right CardStart your credit card search by understanding your spending patterns and preferences.Different cards offer various reward programs, such as cashback or shopping vouchers. Some even have bonus categories that give extra points for specific types of spending. Match your card to your lifestyle—frequent travelers should opt for cards with travel perks, while online shoppers can benefit from cards offering...
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Biden administration to ban medical debt from Americans’ credit scores
21Sep By adminNo Comments
Money

Biden administration to ban medical debt from Americans’ credit scores

The Biden administration announced a major initiative to protect Americans from medical debt on Thursday, outlining plans to develop federal rules barring unpaid medical bills from affecting patients' credit scores. The regulations, if enacted, would potentially help tens of millions of people who have medical debt on their credit reports, eliminating information that can depress consumers' scores and make it harder for many to get a job, rent an apartment, or secure a car loan. New rules would also represent one of the most significant federal actions to tackle medical debt, a problem that burdens about 100 million people and forces legions to take on extra work, give up their homes, and ration food and other essentials, a KFF Health News-NPR investigation found. ...
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