WELCOME TO CREDIT SUDHAAR FINANCE
Your journey from rejection to approval of loans begins here !
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Mr. Nath was in the process of making a checklist that comprised of aspects to focus on before he started to look for a home and get a loan for it. Here are a few things that were included in the list made by Mr. Nath:
Establishing Credit from Scratch, Magical Ideas
When you are young, you get a lot of suggestions on your education stream choices, career choices and also extra curriculum choices, but no one suggests you try building a credit score when you have just started your career. A credit score plays an important role in your financial health, as this is the only way you can get a loan. If you do not have a credit score to start with you will definitely be denied any type of loan in future. We are suggested by our elders, not to take any debts to fulfill your needs but sometimes situation demands you to opt for a loan and that is when the credit score comes to your rescue.
A Step-By-Step Guide to Disputing Credit Report Mistakes
If you are among those unfortunate ones who have spent months or years in some worst case scenarios to have the errors cleared from your credit reports, or one who does not have any error so far, it is important for you to know what should be done to be able to address these issues. Errors not only be an outcome of erroneous reporting from a lending institution or mapping issue at the bureaus’ end, it can also be on account of some serious issue like identity theft. Therefor it becomes apply necessary to address these at the earliest.
What To Do When Your Credit Score Assumes You are Guilty
Financial gurus always emphasize on the importance of reviewing the credit report and credit score periodically. Even though people know that the CIBIL score affects many aspects of their financial life, not many keep a regular check on it. It is only when a need of a loan crops up, do we pay attention to this number to ensure that it is good enough to get an approval.
Q- Why do loan applications get declined?
Loan application can get declined for various reasons. The credit score or credit status is one of those. But borrower’s credit score also happens to be the most important and dominant reason impacting the outcome of a loan application. The other reasons for decline could be failed verification, incomplete documentation apart from the credit policy of the bank.
Q- Will Credit Sudhaar Finance take my past defaults into account while underwriting as any other lender will?
While Credit Sudhaar Finance will review the past defaults, it would not be to reject the loan application but to weed out the intentional defaulters and lend to those who have not been able to pay for some exigency.
Q- What is loan for low credit score?
The low credit score generally leads to rejection of loan application. Credit Sudhaar Finance has introduced an innovative product that aims to extend loans to those who have low credit score. Irrespective of the reason for low credit score, including delinquent accounts, Credit Sudhaar Finance will evaluate the application and will lend if the borrower meets the laid down criteria.
Q- Can I get a personal loan with bad credit score?
Yes, getting a loan in individual capacity is definitely possible despite having a bad credit score. Credit Sudhaar Finance has introduced “Plus Loans” product for individuals who have stressed credit history owing to mistakes made in past.
Q- What is a loan defaulter list?
There is no particular loan defaulter list. The underwriting is based on the data available on applicant’s current and past accounts available on the credit bureau report.