What is credit ? ???? By Wise Chanakya
What exactly is Credit ?
|In simple terms Credit means the provision of money, goods, or services with the expectation of future payment. The most common way to get credit today is via Credit Cards.|
How do you get a Credit Card ?
Check if you can afford a credit card or not (Only if Yes, Continue)
Search for various Credit Cards offered by your Bank
Compare cards from other banks with your bank’s credit card
Check all the requirements, fees, charges, Rate of Interest along with various important information needed to apply for a credit card. You can read more about it from here.
What is Credit Score & it's importance ?
Credit or CIBIL Score in India is a Scale which helps institution measure your credibility, track record and paying capacity along with spending and repaying habits. It’s extremely important to have a High CIBIL score as it allows you to get access to better Credit with more competitive terms and larger sums of credit.
Want to know ?
a) How to Increase your credit score ?
b) How to avoid Credit Risk ?
c) What is your credit limit ?
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