Your credit score is calculated by the credit bureaus based on your credit activities that are reported by your lender. In India, credit scores are generated by credit bureaus like Equifax, CIBIL™, Experian™, CRIF High Mark™, etc. The three major credit bureaus rely on five types of information to calculate your credit score. They collect…
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In some cases, a lender might ask for your bank account number to know where to send the loan funds after your application has been approved. Some online lenders may ask you to connect a business bank account to analyze and verify your revenues to see whether you qualify for an online loan. In those…
