A good credit history will vouch for you in many ways.
For most people, a credit score may look like a simple three-digit numerical expression of an individual’s credit worthiness, assessed by a credit bureau at a point in time. But for a potential lender, it gives a deeper insight into someone’s ability and willingness to pay off debt, and more importantly, the aptitude to handle money itself. Thus, banks and institutions prefer a customer who has better hold on his or her personal finances as well as a healthier track record of fulfilling financial obligations, especially credit servicing, on time.
A good credit history will vouch for you in many ways when it comes to getting a credit card, a car loan, home mortgage and so on. Your credit score is derived from detailed analysis of your credit history, which includes major financial step you have taken, your overall behaviour in handling money and other valuable assets that you have created, besides your general attitude towards financial obligations, including your utility payments. In short, a detailed history of your loan and credit card payments, defaults and other key financial decisions make up your credit history, using which a credit score is derived at. So, whatever you have done in the past or are doing in the present will all weigh in on your credit score.
Importance of a good credit score:
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Denne historien er fra July 30, 2017-utgaven av THE WEEK.
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Themes Of Choice
As Savvy Investors Seek New Avenues, Thematic Mutual Funds Are Gaining Popularity
A golden girl
One of India's most formidable beauties passed away earlier this month. The odd thing is she would absolutely hate this obituary; she hated being written about and avoided publicity for all of her nine decades. Indira Aswani was 93 when she died. But anyone who encountered her, even briefly, was in such awe of her grace and poise, and one could not but remember her forever.
The interest in wine is growing delightfully in India
The renowned British wine writer and television presenter Jancis Robinson, 74, recently came to Delhi and Mumbai to reacquaint herself with India's wine industry. This was the Robinson's fourth visit to India; the last one was seven years ago. On this trip, Robinson and her husband, restaurateur Nicholas Lander, were hosted by the Taj Hotels and Sonal Holland, India's only Master of Wine.
United in the states
Indian-Americans coming together under the Democratic umbrella could get Harris over the line in key battlegrounds
COVER DRIVE
Usage-driven motor insurance policies offer several benefits
GDP as the only measure of progress is illogical
Dasho Karma Ura, one of the world's leading happiness experts, has guided Bhutan's unique gross national happiness (GNH) project. He uses empirical data to show that money cannot buy happiness in all circumstances, rather it is family and health that have the strongest positive effect on happiness. Excerpts from an interview:
India is not a controlling big brother
Prime Minister Tshering Tobgay considers India a benevolent elder sibling as the \"big brotherly attitude\" is happily missing from bilateral ties. He thinks the relationship shared by the two countries has become a model of friendship not just for the region, but for the entire world. \"India's attitude is definitely not of a big brother who is controlling and does not allow the little brother to blossom and grow,\" says Tobgay in an exclusive interview with THE WEEK.
Comrade with no foes
Lal Salaam, Comrade Yechury-you were quite a guy!
Pinning down saffron
In her first political bout, Vinesh Phogat rides on the anti-BJP sentiment across Haryana
MAKE IN MANIPUR
Home-made rockets and weapons from across the border are escalating the conflict
