Garikipati was the co-founder of fintech startup Davinta FinServ, focussing on financial inclusion for the bottom of the pyramid consumers. Before co-founding Davinta, as the Flipkart CTO, Garikipati drove the ecommerce major’s technology play. … [Read more...] about For tech edge, 5Paisa gets Flipkart’s former CTO Ravi Garikipati on its board
Fintech
Why your credit score differs across bureaus
For instance, an amount of Rs 1,000 overdue for 30 days on a credit card with credit limit of Rs 1 lakh may cause a drop of 50 points in the score given by credit bureau A and perhaps a drop of 10 points in the case of bureau B. Bureau A may penalize any overdue irrespective of the value of the overdue, whereas Bureau B may consider the ratio of overdue (Rs 1,000) to the available limit (Rs 1 lakh) and therefore be less penalizing. It is clear that an overdue will have a negative effect on the credit scores irrespective of the scoring credit bureau. … [Read more...] about Why your credit score differs across bureaus
