Category: Credit

The two inevitable C’s of credit – Character and Capacity. Do you have it in you?

The two inevitable C’s of credit – Character and Capacity. Do you have it in you?

Being credit healthy is the state of being in the pink of health – not your physical or mental health but your credit health. While measuring your credit score is a complex process as a lot of qualitative and quantitative factors come into play, there are also a lot of C’s that also plays an important role while presenting your credit report card. These five crucial C’s are – Character, Capital, Capacity, Collateral and Conditions. Of these, the first two are of high significance. Credit bureaus are bang on when it comes to collating your credit scores depending on these C’s alone.
Let us turn our focus to the two main qualitative prospects – Character and Capacity:
Character:
Character specifically refers to the reputation of the individual in accordance to his previous records while dealing with financial institutions. The credit history will divulge enough information that will indicate whether the individual is responsible is dealing with his finances or not. Instances of regular repayment of loans, credit cards and other bills indicate that the person is responsible with his money and understands the importance of timely repayment. Hence, he can come out as an honest and reliable person to repay a debt.
On the other hand, if he lapses on paying his EMIs or is sporadic on paying his bills or is on the verge of bankruptcy, he is definitely tagged as irresponsible in his credit report. Such a person has a very high chance of missing out on the benefits of a good credit score like lower interest rates on loans, easier and faster approval on loans and credit cards, telephone connection, job prospects, insurance premia, rentals and a lot more. Therefore, you can see that the credit score is surely influenced by debt collection, bankruptcies, a high debt-to-income ratio, foreclosures and tax liens.
Capacity:
The second important factor is capacity of the individual. Capacity measures a borrower’s ability to repay a loan by comparing income against recurring debts. In simple terms, the lender will want to know if you have valuable assets such as real estate, personal property, investments, or savings with which to repay the debt if income is becoming inadequate. This is because a large contribution by the borrower will reduce the chance of defaulting. Lenders look at the potential options that can be seized or taken away in case the borrower is not able to repay the loan. However, collecting of these assets is the last resort taken up by the lender.
Now that you are aware of the two main criteria, let us quickly run through the other three – Capacity, Collateral and Conditions. Capacity refers to the individual’s ability to repay the debt and the lender will examine his/ hers current salary, living expenses, current debts and any dependents that the person might have. Collateral, on the other hand, is the asset that the borrower uses as a security for his the loan that he is applying for like property or a house. In case the borrower is unable to repay the loan, the lender can liquidate the collateral to pay off the remaining balance. Condition broadly means the present economic situation and how it is going to affect the borrower’s source of income.
As you have become aware of the qualitative aspect of the way your credit is calculated, you can find out how this impacts on the quantitative side of it. Credit score is a numerical expression based on points system ranging from 300 to 900 points. If you manage to score between 700 to 900 points then it is a high scoring credit report. But how to get hold of your report card so that you know where you stand? Simple. Just browse the net for www.cibil.com. Cibil is one of the leading credit bureaus in India. Create a Cibil consumer login, after that fill in the details, make an online payment for Rs. 470 and you have your Cibil report online in your email address. This Cibil score will help you know about all you need to know regarding your credit health.

And if you find that you are lacking somehow and your Cibil score is not up to the mark, just avail the services of a reliable credit improvement company. Credit Sudhaar is one such company that will never disappoint you with their valuable guidance. If you follow their simple yet astute approach, you will see that within no time your credit score has crossed the coveted 700 points mark. Isn’t that a wonderful feeling – to be a credit healthy person?

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

Top things you need to consider before applying for bad credit car loans

Top things you need to consider before applying for bad credit car loans

We know that the credit ratings of most of the people are very badly affected because of economic recession. But in spite of the bad credit, if you intend to buy a car, you can easily avail bad credit car loans. This is mainly because your car is used as security for the loan. Though bad credit car loans are available, they are usually at a higher rate of interest. If you wish to own a car with an adversely affected credit history, there are certain factors which you can take into account before getting a fair deal.

1. Try improving your credit rating
Your credit report is the first thing that should come to your mind when you think about applying for bad credit auto loans. Your credit score will give you a fair idea about your rating. If possible you must try to improve your ratings as this will help you in getting a better deal as far as your bad credit car loans are concerned. One of the ways in which you can improve your credit rating is by paying down your previous debts. This will enhance your attractiveness to the potential lenders. Thus by making an effort towards improving your credit rating, you would enhance your chances of having higher amount of bad credit car loans at lower rates of interest.

2. Knowledge of the different auto-financing companies
When you plan to buy your dream car through bad credit auto loans, you must have basic knowledge about the different types of lenders and the automobile companies that you can choose from. There are some lenders who will submit your loan application to different auto financing companies while there are others who lend directly through their own bad credit auto loan programs. You must do your basic research and keep yourself informed about all the available options so that you can choose the one that is suitable for you.

3. Accurate information about the vehicle and its dealer
Once you are aware of the various auto-financing options and have made up your mind to get the vehicle from a particular automobile dealer, you should gather accurate information about dealer and also about the vehicle you are planning to buy. Before applying for credit car auto loans in order to make your dream car a reality, you should be very well aware of the model of the automobile, its price, features, safety, mileage, maintenance cost and so on. You should also ensure that the dealer from whom you are planning to buy your car through bad credit car loans are reliable and authorized

4. Bankruptcy
For those of you who have faced bankruptcy just recently, can get comparative quotes from different dealers and opt for the best possible interest rate. It is always better to wait for at least two years before applying for bad credit auto loans after bankruptcy. This is mainly because, within two years immediately after bankruptcy, the rate of interest charged would be much higher than what it would be after two years.

Auto Credit Max provides huge selection of cars, trucks, vans, and SUV’s through several of their dealerships. They have plenty of available financial options for good credit, bad credit car loans and even no credit. If you are looking out for bad credit auto loans, please feel free to visit www.autocreditmax.com

Find More Credit Articles

Benefits of bad credit auto loans

Benefits of bad credit auto loans

With almost one quarter of the American population facing credit problems, you may feel relieved to know that you are not the only one with bad credit. If you have lately been through the financial crisis which is reflected in your credit statement, you need not worry much. You can still get your dream car financed. With the increasing number of people caught up in the financial crisis and adverse credit reports, the financial market has come up with an appropriate solution for such people in the form of bad credit car loans. Yes, those with the bad credit, thinking about buying a car, can easily avail bad credit auto loans and enjoy the below given benefits of it.

Opportunity to improve your credit
Bad credit auto loans provide you an opportunity to fix your ruined credit. By making regular and prompt payments for your financed car, you get a chance to increase your current credit history. However, if you end up missing the payments of your premiums or even make the delayed payments, it might adversely affect your credit score. You must therefore always remember to make the payments of your bad credit car loans before the deadline. This will also project you in the eyes of lender as someone who treats his financial obligations seriously.

Ability to own a vehicle
Bad credit car loans provide you with an opportunity to own a car. So, along with fixing your ruined credit report, by availing bad credit auto loan, you even get the ownership of your dream car. However, you need to pay off your loan totally, before getting the actual ownership of the car. Generally bad credit car loans come with relatively higher interest rates and higher monthly premiums. It is therefore advisable that you do thorough research on the dealers offering vehicles with the bad credit auto loans and finally select the one with the lower rate of interest. In order to further lower the rate of interest and the monthly installments of your financed vehicle, you can opt for cheap new car model.

Establish new relationships with lenders
Making timely payment of the monthly premiums of your bad credit auto loans will enable you to establish fresh and a healthy relationship with your lender. This may be beneficial to you in the long run when you may need another loan. Since you share a healthy relationship with this lender, he may even provide loans to you at lower rate of interest and flexible options for payments.
You can thus avail bad credit car loans to get your dream car. All you have to be careful about is finding a reliable lender who will provide you the bad credit auto loan at very competitive interest rates.

Auto Credit Max provides huge selection of cars, trucks, vans, and SUV’s through several of their dealerships. They provide guaranteed financial options for all the types of loans including good credit, no credit and even bad credit car loans. For those of you thinking about bad credit auto loans, please feel free to visit www.autocreditmax.com.
Top Benefits of getting a Pre-Approval on your Bad credit Car Loans

Top Benefits of getting a Pre-Approval on your Bad credit Car Loans

According to Experian, approximately out of the 220 million Americans that have credit files maintained by the ‘Big Three Credit Bureaus (Equifax, Experian, and TransUnion), there are 1 out 5 individuals having very poor credit. In recent time, there has been an increase in the number of people with bad credit. People get bad credit due to various reasons which includes defaults, arrear, and bankruptcy and so on. Bad credit does not imply that you have to put an end to your dream of buying a car. By availing bad credit auto loans, it becomes possible for you to finance the dream car of your choice. When dealing with the bad credit auto loans, it is always a good idea to get a prior approval on it. Pre-approval for a bad credit car loan open up numerous options in terms of picking up the best deal in the end. Given below are some of the benefits associated in being pre-qualified for the loan:

1. Chances of getting a best deal increases

Pre-approval on your loan enables you to get the best possible auto deal. You are looked upon by the seller as a serious customer as they know that if they give you a best deal, you will buy it. You must take full advantage of this and let them know that you are ready to buy today, if they provide you with the right price.

2. Manager’s mark up interest rates can be avoided

The most tedious and stressful aspect of buying a car is coping with the finance manager. Many a times, dealers give you the best deal in terms of the price of the car, but they generally have the tendency of making up the difference by increasing the cost of the bad credit car loan. This can be completely avoided if you have prior approval of the loan, as the term of the car loan has been set beforehand. This releases you from the tension of actually paying in the extra amount that goes into the pocket of the finance manager.

3. Gives the chance to fix any error in the credit report

On getting pre-approval on your bad credit car loan, your credit is pulled before you visit the dealer. Pulling up of your credit before visiting the dealer enables you to rectify if there happens to be any mistake on your credit report. This saves you from any embarrassments that you would have faced later on that are after you have finalized the car and set up your mind to buy a given car, you realize that your bad credit car loan cannot be approved because of some fault in the credit report. At this point of time all you get is embarrassments.

4. You know your financial limits beforehand

On availing pre-approved credit auto loan, you know your financial limitations beforehand. Thus you don’t end up setting your heart on a car that you actually cannot afford. With pre approval on your bad credit card auto loans, you are aware of the pre-set amount and thus it becomes possible for you to narrow down your search and look out for cars that can practically be bought within your limited budget.

Thus, pre-approval on your bad credit car loan makes your car shopping experience totally stress free.

If you have a bad credit and planning to buy a car with bad credit car loan or bad credit auto loans, visit www.autocreditmax.com. Auto Credit Max provides huge selection of cars, trucks, vans, and SUV’s through several of their dealerships. They have plenty of available financial options for good credit, bad credit and even no credit. They provide you guaranteed financial approval on all types of loans.

More Credit Articles

Use Free Credit Repair to help you

Use Free Credit Repair to help you

As you are in all probability substantially conscious of, your credit report is probably the most important component in your financial life. If you are experiencing troubles due to your credit score, and so you are in all probability inquiring about free credit repair. Before you can get into repairing your credit rating, you experience to first envision the importance and the kind of affect a poor credit score can experience upon your liveliness.

Unfavorable credit scores happen for a variety of reasons. Perhaps you were at a bad place in your life and had problems establishing payments. Maybe you realized difficulties and had to file for bankruptcy. Perhaps, you merely got in over your head, which goes on to a lot of us believe it or not. Nevertheless, in order to take advantage of free credit repair, you first have to realize what is connected to your credit report.

The first measure to free credit repair is to obtain a copy of your credit reports. Yes, reports, because at that place are three major credit reporting agencies accessible, TransUnion, Experian, and Equifax. You should call or write them and request a copy of your credit report from each one. The great news is that in several sites, you can obtain on free copy of your report every last year from each agency.If you do not live in those areas, the credit bureaus will hand you a free copy if you have been refused any type of credit recently.

You should obtain your report within a maximum of two weeks. Here is where the free credit repair should start. When you receive your reports, look them through cautiously. Equate them with your individual records, interpret what they are stating, and make marks of any errors that you learn. Even though record keeping has gotten improved with computers, many a times individuals get on their credit ratings due to errors.

If you find errors, which may include items that you did not purchase or charge, such as in the cases of identity theft, or items that have been paid off but are noted as unpaid or delinquent, or items that you are current on, but are not noted in the credit reports correctly, you should take immediate action.

You can get hold of the credit bureaus in writing, giving notice them of the error and they will see into it. This is utterly free and costs you nothing. Even So, when it comes to free credit repair, you cannot just expect that they will take your word for it. If this was the example, on that point would be no such matter as a negative credit rating as everyone would be challenging and removing their bad debt.

When you write the credit bureaus in efforts to look for free credit repair, you call for to supply as much information and substantiation of your claim as feasible. This could be a receipt, a letter from the creditor, or yet a cancelled check. If afterward looking into the claim, they learn that there is an error, it will be directly taken from your credit report.

Free credit repair also takes on making payments on time, paying off old debt, and seeking . All of these, even if you are late paying off your debt, looks better to creditors than not paying them at all.

If many of you would like more information on this subject and how to repair credit or if many of you are in need debt relief Beatlands Credit Repair has many debt subjects and tips that can be

More Credit Articles

Fruits of being credit healthy are always sweet!

Fruits of being credit healthy are always sweet!

It is a common practice these days to go for a complete health check up quarterly or half yearly. But have you ever considered checking up your credit health? Being physically and mentally sound is no wonder a prerequisite for a happy life. But, at the same time, it will be only foolish to overlook you credit health especially at a time when credit plays a very important role while taking major decisions like buying a house or a car. You have to be equally vigilant – in fact do your best to maintain a satisfactory health of your credit life just like you would do for your own health.

The need for a well planned credit health strategy might not seem very significant at first glance. However, its importance will surface when you have to avail loans, credit cards, account opening and all other kinds of credit facilities. But firstly, you have to know that a credit score speaks volumes about your character and your capacity. That is why it is implicitly agreed that these two attributions are the two most important C’s of credit health. If you are responsible in handling your finances, it automatically reflects on your credit report and vice versa.
You credit score is collated by credit bureaus like Cibil and Equifax and they gather your credit data using both qualitative and quantitative measures. Quantitatively, it is basically the data furnishers like the banks, credit card companies with whom you have had a history of financial transaction. And qualitatively, it is the subjective factors mainly – Character, Capacity, Capital, Collateral and Conditions. Through these two assessment techniques, credit bureaus can collect all your information that they need to prepare your credit report. Hence, you can see that a lot depends on your history of loan repayments and defaults, credit card bills, etc.
Another thing to keep in mind is that bankers and lenders always check with credit bureaus about your Cibil credit report whenever you apply for car loans, house loans, credit cards, telephone communication. If you score well in your credit report with anything between 700 to 900 points, your demand will be easily processed and approved. Moreover, banks generally ask for lower rates of interest for those who have a healthy credit score. Therefore you can see that a good credit report is equally linked to saving more money and duly increasing your bank balance.
Besides loans and credit cards, another very important factor of life that is at times, if not always, influenced by your credit health is your career. This might come as an interesting revelation for you because not many can comprehend the link between credit score and job prospects. Well, it may not affect much if you are applying for an entry level position. But if you are going to going to be posted where you need to handle cash and overlook the financial aspect of the company, you will surely have to give your potential employers the right to go through your credit report because, if you don’t then it obviously gives a wrong impression.
So by now you must have got a very clear knowledge about the necessity to score high on your credit report. And if you are of poor credit health, you are going to miss out dozens of opportunities in the future. But all is not lost yet! To cater to people like you who are in need of proper guidance, a lot of credit health improvement companies have come up in the country. This has turned out to be of much relief for the common man who are not too much aware of the bombastic financial terminologies and thus trail behind in the high scoring league.
One such credit repair agency is Credit Sudhaar who has carved a niche of their own in the credit improvement market. They are focused on providing assistance to individuals with low credit points through their specialized services and technical approach. They have a devoted group of professionals who are expert in the field of credit enhancement and thus render valuable services to its esteemed group of customers.
Credit Sudhaar has the distinction of offering a four stage customized plan that will monitor every move you make. Its trained professionals will not leave your side until you boast of a decent credit health. Right from interpreting your credit report, identifying the issues with the report, comprehensive analysis and then organizing a step by step plan to improve your credit health – this is the most apt company you should approach if you want to be a credit healthy person.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

Find More Credit Articles

Prevent From 7 Most General Credit Repair Mythology

Prevent From 7 Most General Credit Repair Mythology

Credit repair is not firm and the very best method to improve your credit report score is to do it yourself.

Let’s take a look at 7 of the most common myths you’ll come across and examine them all in detail.

Credit Repair Mythology:
If I declare insolvency, I can begin my credit report all over with a clean schedule.

Many insolvency attorneys do not sufficiently understand or explain the effects of insolvency to their clients. When you file for insolvency, every credit account that you decide to include in insolvency will become an “included in insolvency” account.

Additionally, a insolvency filing and insolvency discharge listing will appear in the court records section of your credit report. Because so many negative items are attached to the insolvency, it becomes difficult to remove all traces of the insolvency. If at all possible, you should avoid insolvency at all cost.

Credit Repair Mythology:
There are unenthusiastic listings, such as bankruptcies and foreclosures, which are not possible to take away from the credit repair services.

There’s no type of negative credit listing that can’t be detached from a credit repair service by you. Negative items, such as insolvency or not paid debts, are certainly not easy to remove from the credit report, but this has more to do with the operational systems of the credit repair companies than with the sternness of the bad credit article.

For example, judgments and tax liens are severely negative listings, yet are easier to remove.

Credit Repair Mythology:
When I pay off a past-due account, such as a charge off or a set account, it will show “paid” and will no longer be negative.

It is fairly difficult to reinstate your credit without somehow fulfilling your outstanding debts. However, paying an outstanding, aberrant debt you will change the account status to “paid collection,” “paid was late,” or “paid was charged off” – which will still stand out as a very negative credit record.

Sometimes paying off a debt can actually upset you. This is one of those occasions. This type of collection accounts are allowed to stay on your credit repair services for a “maximum” of seven years.

When you have terrific debt, it is almost always sensible to seek professional credit repair service help so that you may settle your debts as creating a reasonable possibility of removal of the negative listing at the same time.

Credit Repair Mythology:
If I construct sufficient high-quality credit, it will counterbalance my bad credit and make me credit admirable.

Because, I was only late a pair of times. Any amount of bad credit is overwhelming to your probability of being accepted by a credit repair companies. Most credit repair companies never actually look at your credit repair services. A computer pulls your credit repair services, rates your credit rank, indebtedness, and constancy, then spits out an approval or refutation.

Even one or two sluggish payments will usually activate a credit card or personal loan refutation. The slightest quantity of negative credit will cause the attention on an auto loan to rocket. You will almost certainly find that even a little bad credit, in spite of of how much good credit repair services you have, is an intolerable blockade to credit endorsement on demand for large amounts of credit – like a mortgage loan.

Credit Repair Mythology:
If I succeed in deleting a negative item, it will just come right back on my credit report.

The credit repair companies have shrewdly increased this legend through the news media and government agencies. In truth, the credit repair companies will often temporarily remove a negative listing if they haven’t heard from the credit repair companies after approximately thirty days. If the credit grantor reports late, say after six weeks, and then verify the negative listing, the credit repair companies will often reinsert the negative listing on the credit repair services.

This is frequently known as a “soft delete.” Usually, though, the creditor just fails to respond and the negative listing is enduringly deleted. If the article is confirmed by the credit repair companies, either before thirty days or after, the account may still be challenged again at some future time.

Juan is a freelance writer who writes about credit repair service. There are unenthusiastic listings, such as bankruptcies and foreclosures, which are not possible to take away from the credit repair services.

Related Credit Articles

Tips On How To Repair Your Credit

Tips On How To Repair Your Credit

There are different ways that you can go about repairing your credit. Some of them may offer an “easy” way out, but you’ll have to pay the price-in money. Or some people will tackle credit repair by filing bankruptcy, which defeats the purpose and will hold you back from having a clean credit report for 10 years. Are there other ways that you can repair your credit without breaking the bank? Sure..

Your involvement in credit repair of your debts also involves discipline. You must focus on paying down your debts, eventually looking to pay them off. Paying them down is a good step to start out with. When you do that, points will be added to your credit score. When points are added to your credit score, your credit report becomes more favorable. It starts to show that you are responsible with paying your bills on time and managing your money.

Make timely payments. Credit repair should involve people making their monthly payments on time. This shows up on your credit report. It can also reflect your credit report if you’re not timely. If you can, make payments prior to the due date. At least you would have gotten them out of the way. Making timely payments is a significant part of your credit score.

If you decide to negotiate a settlement with your creditors, make sure you have the information in writing. It’s difficult to dispute anything if you don’t have written evidence to back it up. Effective credit repair involves written communication from both parties. After you have settled your debts with your creditors, have them send you a letter notating that. You will need the correspondence as proof to the credit bureaus that your debts have been paid.

Having good credit also translates into getting the best interest rates for credit cards. You would also be able to pick and choose what kind of credit cards you want. There are so many that offer various perks, such as points for frequent flyer miles, hotel stays and much more. Being diligent in your credit repair can help you get to this point.

With good credit, you would be able to get some of the best rates for your insurance premiums. Many auto and home insurance companies base their rates on your credit report and credit score. If you have a good credit score, then you will get the favorable rates for insurance. If you score is not that great, then you will end up paying a higher premium each month. Low credit scores are a factor for increasing points to car insurance rates. That’s why it’s important that you are consistently working on credit repair for to improve your credit report.

There are a lot of employers who are now jumping on the bandwagon to use credit scores as the basis of employment. You can be the best qualified with the skills needed; but if your credit report and scores aren’t up to par, then you can kiss that potential new job goodbye. Employers want to know if you can be a responsible person. They don’t feel comfortable hiring someone with a subpar credit score because it translates into creditability issues. Doing credit repair on your credit report can help increase your scores tremendously. What all of this boils down to is that good credit is the key to purchasing power and leverage. If you don’t have good credit, then you’ll have to work on getting it.

When trying to perform credit repair many folks make the mistake of doing it on their own. Use MSI credit company to do the work for you and do it right.

Find More Credit Articles

Do not let erroneous credit reports hamper your financial future

Do not let erroneous credit reports hamper your financial future

‘To err is human’ – we have been hearing this old saying in our moral science classes during our school days. Now that we have come of age, let us include this in the credit scenario also. In other words, errors in credit reports are a common occurrence but it can have a devastating impact on your credit life if these errors remain unnoticed or are not corrected at the right time. Some of the common credit report errors include outdated personal information, mistaken or fraudulent accounts, and incorrect account details. These mistakes are usually committed by credit data furnishers who are responsible for collecting your credit related information which are further collated by credit bureaus like Cibil.

Your credit report contain your credit score which is an amalgamation of information related to whether you pay your bills timely, if you’ve been sued or arrested, or have filed for bankruptcy. This credit report comes to play when you decide to take house loans, car loans, credit cards, insurance, mortgage, etc. it is also required at the time of applying for telecom connection, employment opportunities and much more. Before giving you the approval, the financial institutions will first cross check your credit report with the bureaus. Only after they are satisfied that your report is okay will they approve your requests.

Since your credit report is furnished during such important times, it goes without saying that a simple error might spell doom to your aspirations. But how will you know if there is any error at all in your report or not? A simple solution to it is by applying for your credit report online. It is easy and fast. All you have to do is search for www.cibil.com, create a user login, fill in the form, make an online payment of Rs. 470 and you have the Cibil credit report in your given email address.

Once you have a copy of your report, you can check it for errors, if any. In case you find it, embrace yourself to dispute it. However, before you start, make sure it is not a trivial issue but a grave one so that it is worth taking up the cause. To start with, be ready with proper documentation to support you claim. For more clarity, underline or circle the error on the report and send it to the bureau along with your dispute letter. Remember to keep copies of it for your own records.

After your letter reaches the credit bureau, they will start investigating the error by forwarding your supporting documents to the data furnishers. Once they receive the complaint, they must act promptly on it by investigating, reviewing and coming up with the correction. They should also revert to the credit bureaus once they finish correcting it and should also update the changes in your credit report. After that is done, the credit bureau will give you a copy of your report and mention the changes properly in writing. If an investigation doesn’t resolve your dispute with the credit reporting company, you can ask that a statement of the dispute be included in your file and in future reports. You also can ask the credit reporting company to provide your statement to anyone who received a copy of your report in the recent past.

So, you can see for yourself how harmful an erroneous report can be for your future prospects. Hence it is only right to nip it in the bud and remain vigilant in the future. It is not uncommon for your report to contain errors. But to contest the point, you also should have all the paperwork ready so that you can furnish it if required. To help you out during such moments of crisis, there are credit health improvement companies like Credit Sudhaar who can help you get out of such troubles in the most efficient and professional way. The company has over the years earned recognition of providing notable services to over 3, 500 clients and have never once failed in delivering positive results.

They offer customized services depending on the kind of problem you are facing. But one thing is for sure – that they will always come up with solution that will only secure your financial future. Credit Sudhaar has a very competent team of professionals who are specialized in everything related to credit. So you can easily bank on them if you are facing any problem that might hamper your credit score.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

More Credit Articles

Improve your credit health for better employment opportunities

Improve your credit health for better employment opportunities

In today’s competitive world, you cannot afford to be jobless especially after investing so much on your education. The meteoric rise of inflation only adds to woos. On the other hand, it is an uphill task to fetch yourself a decent job that matches up to your caliber. So when you manage to find one, you try to grab it with both hands. But when you keep going up the professional ladder and apply for top positions, chances are that your employers will check a lot of things apart from your illustrious resume. And one crucial thing that they will make it a point to check is your credit report.

Yes, you have heard it right! Though on the surface you might think how is your credit score linked to your job? However, in reality, it does affect your job prospects to a great extent. But before we go deep into the subject, we should first know the importance of a good credit score on your overall credit health. It is primarily a numerical expression that highlights your credit worthiness based on your previous records and experience with financial agencies. The credit score is maintained by credit bureaus like Cibil and Equifax. They in turn collate the information from data furnishers that might include creditors, lenders and utilities, debt collection agencies that a person has had a relationship or experience with.

Being credit healthy has its own perks and benefits. The credit score lies between 300 to 900 points and anything between 700 to 900 points is considered a decent score. If you come under this bracket, then you can avail a lot of benefits like lower interest rates on home loans, car loans and credit cards, can easily get telephone connection, insurance premia, rentals and a lot more.

And of course – a white collar job!

With the growing importance placed on credit scores, it has become inevitable to score good points because a poor credit history is sure to impede your professional growth. Bad credit has an adverse effect on job opportunities; so try to score as much as you can so that you might land up a coveted position in your career. Background check of credit reports have become increasingly common; Hence, know all the when’s and how’s that will improve your situation and increase your chances of getting hired.

One of the main reasons why credit checks are made by employers on prospective candidates is because the company wants to make sure how the candidate handles his finances. They will also check on accounts of debt collection, bankruptcies, a high debt-to-income ratio, foreclosures and tax liens. The employers can also find out from the credit report if the salary level of the candidate is too low for the level of debt the applicant is in. If it is a good report, it shows that he or she handles finances in a judicious manner and if it is a poor history, it indicates otherwise.

The good thing about examining the credit history of an applicant is that the he might fill in a position which requires handling of cash. In such a case, a responsible applicant is preferred over others and this responsibility is reflected in the timely repayments of loans and bills which are shown in the credit report. Of course, the employers will seek a written permission of the job applicant before going ahead with the credit checking process. But if the applicant does not give his permission, it gives a negative impression that he is hiding something. So the best thing to do is to furnish a satisfactory report and give your potential employers the permission to see it for themselves.

You can access a copy of your Cibil credit report through the credit bureau. Their website is www.cibil.com. Create a Cibil consumer login and password. After this, they will ask you to fill a form containing your personal information and email address. They charge an amount of Rs. 470 which you can pay online. Once the payment is done, they will mail you the online Cibil report on your given mail address. You can then show this Cibil score or Cibil report to your future employers.

And if you need guidance on how to improve your credit worthiness, then Credit Sudhaar is your answer. It is one of the leading credit health improvement agencies with a reputation of taking credit points of clients to new height through sheer professionalism and expertise. Their team of credit specialist will easily guide you through it so that you are hired for your dream job.

Credit Sudhaar is India’s first Credit Health management & improvement company whose goal is to help clients to Restore, Enhance and Protect their Credit and make them credit healthy.

Find More Credit Articles