Latest News for: Unsecured credits


Don’t have a CIBIL score? Here's how a secured credit card can help you build it

Live Mint 19 Jun 2024
The other parameters include a low credit utilisation ratio, the ageing or duration of credit line(s), the number of credit accounts and the mix of secured and unsecured credit, the number of credit applications and their frequency, etc.Also Read.

Unsecured household debts set to rise by 9.4% this year, TUC says

The Guardian 19 Jun 2024
The TUC said its analysis showed that unsecured household debt – including loans and credit cards but excluding ...

Fintech firm Salmon sees loans hit P400M

The Manila Times 19 Jun 2024
saw a more than sevenfold increase in its consumer loans to P400 million as of end-May this year, from P54 million last year, by focusing on meeting the credit needs of underserved blue-collar workers.

What is an RV loan and how does it work?

The Spokesman-Review 17 Jun 2024
Be aware that unsecured bad credit loan rates can reach up to 36%, and may result in exceptionally high monthly payments ... For unsecured loans, your rate will be heavily dependent on your credit score and could range from around 7% to 36%.

IFC invests $7 million in local fintech firm First Circle

Manila Bulletin 17 Jun 2024
“With data and technological edge as the cornerstone of First Circle’s strategy, the company is providing unsecured credit lines to SMEs with competitive rates, flexible repayment options, and the ...

Is debt settlement a good idea?

Detroit news 16 Jun 2024
consumers may need help managing their credit card payments ... These plans are offered by nonprofit credit counseling agencies and roll multiple unsecured debts into one at a lower interest rate, which makes the debt easier to pay off.

Untapped home equity offers financial flexibility

The Spokesman-Review 14 Jun 2024
Both options are secured by the borrower’s home, so with this asset in mind, lenders tend to offer lower rates than on unsecured loans, like personal loans or credit cards ... With a HELOC, homeowners get access to a line of credit with a set limit.

Artificial Intelligence and machine learning in credit risk assessment

Hindustan Times 13 Jun 2024
The provision of credit is a critical driver of economic growth ... As per ICRA estimates, in financial year (FY) 2024, we saw a 16% growth in credit with demand being led by unsecured loans of small value ... · Credit decisioning.

Banks must ensure adequate resources for lending

Business Line 10 Jun 2024
However, the data on sectoral deployment of credit indicates that the excessive credit exposure to unsecured retail loans and over-reliance of NBFCs on bank funding is moderating. This will reduce the credit risk of banks.

FEATURE: collateral-free lending; a gateway to enterprise growth

B & FT Online 10 Jun 2024
A rapid scan of the banking landscape showed that prior to 2023 very few banks in Ghana offered unsecured business loans, and some of those that offered such products typically effected under-six-figure credit exposures.

Ensure financial stability before opting for zero-interest EMIs, says Raj Khosla of MyMoneyMantra

Live Mint 08 Jun 2024
It is essential to use cards according to their USPs.Secured credit card is a good way to build credit history, especially for people who don't have access to unsecured credit cards.

Trends, drivers and future prospects: an overview of SA’s retail credit and loans market

Independent online (SA) 08 Jun 2024
However, credit facilities or unsecured credit transactions also make up a significant proportion of the mix, with credit and store cards being sub-components of the credit facilities segment ... Credit beyond the pandemic.

PODCAST | Economics of microlending in SA, according to EasyPay

Business Day 07 Jun 2024
The group consists of two divisions ... The consumer unit focuses on products such as unsecured credit, transactional banking, micro-insurance and value-added services through the EasyPay platform.

Why does your credit utilisation ratio have such a big impact on your CIBIL score?

Live Mint 07 Jun 2024
Some of the other parameters include the history of timely payments, credit mix (secured and unsecured loans), age or duration of card(s) and loan(s), number of credit accounts that you hold, the ...

Ex-Detroit Riverfront CFO embezzled $40M, spent funds on lavish lifestyle, prosecutors say

Usatoday 06 Jun 2024
Smith was released on a $10,000 unsecured bond and ordered not to enter into any loan or credit transactions following his appearance Tuesday afternoon before Federal Magistrate Judge R.