No. The lender's primary objective is to determine whether you are a good or bad credit risk. “Your credit scores are only one of the factors used to assess your credit stability and ability to pay back a loan. Lenders look at your overall financial profile,” says Kalyanasundaram. Your credit history, payment history, income and overall present financial situation are also considered. … [Read more...] about Credit report: How you can access it for free and rectify errors
Will refinance affect credit score
Read your bank or card issuer’s FAQ before taking a call – some banks will allow you to continue transacting using your card, some won’t. “If you opt for a moratorium, you will not be allowed to make any fresh purchases. This restriction will be lifted once you pay at least the minimum amount due as indicated in your June’20 statement,” the Axis Bank FAQ statement says. … [Read more...] about RBI Moratorium: Postponing credit card dues will mean paying exorbitant interest costs
As a public corporation that doesn’t need to worry about rewarding investors, the USPS could offer financial services to more Americans at a lower cost than banks. USPS branches are already located in virtually every neighborhood in the U.S., and over half are in banking deserts. This existing network would reduce overhead. And the USPS is in a better position to handle a loan default because it could garnish tax refunds, reducing the cost of collecting on unpaid loans. … [Read more...] about The pandemic makes it clear that the Postal Service should get back into the banking business
The PMVVY has a 10-year lock-in, compared to five years for the SCSS and seven years for the RBU bonds. Premature surrender of the PMVVY in case the investor or spouse suffers from terminal illness or critical illness is allowed. In such cases, 98 per cent of the purchase price is paid back to the policyholders. SCSS also allows premature withdrawal by deducting up to 1.5 per cent of the deposit. In the case of RBI bonds, for investors aged above 60, 70 and 80 there is an option to surrender after completing six, five and four years, respectively. … [Read more...] about Should senior citizens invest in the Pradhan Mantri Vaya Vandana Yojana?
"The interim dividend shall be paid on Friday, July 31, 2020, to the equity shareholders of the company, whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Friday, July 17, 2020, which is the record date fixed for the purpose," TCS said. … [Read more...] about TCS Q1 results: COVID-19 weighs on net profit, services see traction — here are the top six takeaways