Learn About Personal Finance From Experts


Improve Credit Score

Credit Score Basics

Understand what is credit score and its importance in
getting loans and credit.

Roadmap to your Credit Report

Learn what is a credit report and what information
does it contain.

Credit Building

Climb up the credit ladder and improve credit score using these tips.

True Cost of a Loan

Learn what determines loan fees and choose a loan wisely.

Improve Financial Health

Better Budgeting

Create a budget to plan your finances. It will help you more than you think!

Build Your Financial Future

Make financial goals to make sure money is not a constraint in achieving your dreams.

Your Finances

Own your finances, it's your money. Knowing how to manage money is a priceless skill.

Plan and Save

Saving is the first step towards financial health. Set goals and remain disciplined.

Know the Risks

Beat Credit Card Risk

Know all the fees and interest rates before taking a credit card. High fees or hidden charges can cost you.

Protect Yourself Online

Tips to protect yourself while doing online transactions. Simple steps to prevent online fraud.

Most of us need credit at some point. Learning about the benefits and considerations of borrowing are important part of a financially successful life. We help you understand implications of credit score, need to be disciplined, ways to improve credit score and to develop a plan towards financial independence.

What is a credit score?

A credit score is a number assigned to you based on a study of your credit history which includes your loan history and their payment patterns, credit card usage and payment history, bank accounts held and closed, credit inquiries made by you etc.

What impacts your credit score and how?

In order to maintain your financial health, you should be mindful about your credit health.

Here are a few things which positively affect your credit score
  • On time loan EMI payments in case of loans.
  • On time credit card bill payment and in full rather than paying minimum due.
  • Longer and stable credit history.
  • Proper utilization of approved credit limit A good mix of credit : if you are taking only one type of credit consistently rather than a mix of different types of loans viz. secured and unsecured, and personal loans, credit card usage, car loans etc.
  • Maintaining strong finances (example : a healthy income to debt ratio).
  • Regularly checking your credit reports are correct and error-free and ensuring financial institutions that you deal with submit your data to credit bureaus.
Here are a few things which negatively affect your credit score
  • Irregular or late loan repayments.
  • Defaulting, being late or regularly paying part of credit card bills.
  • Cheque bounces.
  • High utilization of approved credit limit or overshooting the limit.
  • Multiple credit report inquiries by banks and other institutions.
  • Multiple unsecured personal loans applications and/or rejections.
  • Defaulting as a guarantor.
  • Errors in records by banks and finance institutions.
Always ensure you have good credit health. You never know when you will need to borrow money, for emergency or otherwise!

Content Partner

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LendUp is a US based online loans platform which also provides credit education. Their content has helped lakhs of borrowers increase their credit score and improve financial health. The content is shared as part of a sharing agreement with LendUp.