Saturday, July 14, 2012

Get loans With Your’s Credit Score and Clear Loan History, Is Credit Score Essential for Loans - Home loans Credit Cards Debt News


Here is latest Home loans Credit Cards Debt News India on How to Get loans With good Credit Score and Clean Loan History.

Many people are not aware of Credit Score and Loan History. These Credit Score and Loan History are plays a crucial role in getting Home loans, Two-wheeler loans, Four wheelers loans and Personal loans.

Nowadays many banks are observing the customers and applicants Credit Score and Loan History information in addition to our income sources.

Credit Score helps us in getting personal loans, credit card issue. Our detailed information about loaning date, payment history, EMI, paid penalties…etc…will be recorded in CIR (Credit Information Report) given by Cibil.

Based on this credit score record marks or points, the loaner or bankers will decide the issue of loans to us for Home loans, Two-wheeler loans, Four wheelers loans and Personal loans.

If we are paying EMI, which is more than 35-40% our monthly income, the loaning banks and finance institutes may not provide new Home loans, Two-wheeler loans, Four wheelers loans and Personal loans…etc…

So check your credit score always…

There are many reasons or factors in having increased or decreased credit score.

Our payment history, irregular EMI payments, withdraw of high money, penalties…etc are causes changes in increase or decrease credit score…


Check and read carefully terms and conditions, rules, policies before applying for loans.

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