Credit score vs. credit report: What’s what?

Credit score vs. credit report: What’s what?

When you avail a loan you know that your credit report would be judged by the lender. A minimum credit score is required to qualify for the loan and the limit is usually 650 or 700. Your credit report and your credit score are two different terms which many of you use interchangeably. Though both of these terms indicate the basic meaning, they are actually different from one another. Do you know how? Let’s understand…

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WHY FIXED DEPOSIT WORKS FOR THE LONG TERM?

WHY FIXED DEPOSIT WORKS FOR THE LONG TERM?

INTRODUCTION A fixed deposit can be done as a short-term fixed deposit or a long-term fixed deposit interest rates. Both form the part of term deposit. A term deposit is an investment which is made for a fixed term or a fixed rate. Under fixed deposit, the investor invests their money for a particular amount of time which is predetermined by them. Fixed Deposit is a low-risk investment option or strategy which is a good…

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How a loan can improve your Credit score?

How a loan can improve your Credit score?

Credit score is a very important consideration when you are looking to avail credit whether through a loan or a credit card. In fact, your credit score decides whether the lender would allow you a loan or not and, if the loan is allowed, what would be the interest charged for the same. If you have a good score you can avail a loan easily and that too at affordable interest rates. That is why…

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