Rupee Matters

  In the fast-evolving landscape of finance, Non-Banking Financial Companies (NBFCs) are orchestrating a silent revolution, rewriting the rules of credit evaluations. No longer confined to traditional metrics, NBFCs are embracing the transformative potential of Machine Learning (ML) to redefine the way creditworthiness is assessed. NBFCs Embrace Machine Learning NBFCs are breaking free from the shackles of conventional credit assessment methods. Incorporating a diverse range of alternative data sources such as tax invoices, device information, and transaction records, these financial entities are broadening their scope. This move, according to Bhutada, equips NBFCs with a more nuanced understanding of an individual's creditworthiness, paving the way for enhanced risk management. Also Read: The Impact of SaaS Model on NBFCs Unlocking The Power Of Alternative Sources In the digital age, data is the new currency, and NBFCs are capitalizing on this paradigm shift. By leveraging alterna...

  Your credit score stands as a crucial marker of your financial health. Much like the pulse of your fiscal well-being, a good credit score can open doors to favorable loan terms and credit opportunities. On the flip side, a bad credit score can be a roadblock, making financial endeavors an uphill climb. So, how do you ensure your credit score stays in the green? Let's dive into some practical tips to avoid the pitfalls that can negatively impact your credit score. Understanding The ABCs Of Credit Scores Before we embark on this financial journey, let's briefly understand what a credit score is. Your credit score is a numerical representation of your creditworthiness, ranging from 300 to 900. The higher your score, the better your creditworthiness. Now, let's explore how you can safeguard this critical financial metric. Also Read: How Can Tax Relaxations Help NBFCs Come On Par With Banks? Timely Repayment One of the fundamental pillars of a healthy credit score is timely re...

  Having a pristine credit score is like holding a golden ticket to financial freedom. Whether you're planning to buy a new car, secure a mortgage, or just looking to navigate the financial labyrinth smoothly, your credit score plays a pivotal role. But fear not! In this guide, we'll unravel the secrets to maintaining a credit score that could make even Warren Buffett nod in approval. Unveiling The Credit Score Conundrum Before we delve into the nitty-gritty, let's demystify the credit score conundrum. Your credit score is a numerical representation of your creditworthiness, ranging from 300 to 850 in India. The higher the score, the better your chances of securing favorable financial deals. Also Read: Why Digital Lending Is A True End-to-End System The Art Of Timely Repayments Timely repayments are the cornerstone of a healthy credit history. Whether it's your credit card bills or loan installments, paying on time not only saves you from hefty interest but also boosts ...