CREDIT COUNSELLING
Credit Counselling provides solutions in managing the credit situation of individuals and
corporates, advising clients on a variety of credit related issues.
If you are having a low credit score, poor credit report, stuck in a debt-mess or if you think you are spending way too much money on servicing costly debt, it would do you good to use the services to sort out your financial situation.
In today’s world, credit has become an integral part of our lives – in the form of credit cards, home loan, vehicle loan and personal loans, to name a few.
Not only individuals, but corporates also are giving this aspect keen attention.
Offer services in various credit-related areas to both individuals and corporates, which can be both beneficial in the short run, as well as make sense in long term financial planning.
Credit counselling for individuals:
Now as you may all know, an individual’s ability to borrow and take credit (including credit cards), depends on his credit score and credit report. These credit reports and scores are provided by the credit bureaus which act as a repository system to store, maintain, update and generate scores based on the data. In India, currently there are four credit bureaus – CIBIL, Equifax, Experian and Highmark that maintain the credit history of all individuals and supply this information to banks and other lending institutions. These lending institutions evaluate an individual’s credit worthiness based on the credit report, score and their internal credit policies. You, as an individual can also access your credit score and credit report from the credit bureau by paying a fee.
Obtaining and reading a credit report could be easy but interpreting or decoding the technicalities is where the difficult part kicks in. An expert’s guidance and counselling could help a great deal in such situations. Analysing the credit report helps in finding out why you were rejected a particular loan or what are the factors which affect your credit score, either positively or negatively. Credit counselling help you do this. Sometimes, factual errors in the credit report can also affect your credit score and credit counselling can help you resolve this as well.
Credit counselling for corporates:
Credit counselling offer services across a wide spectrum of activities.
Offer services to corporates to optimize the credit intake, mitigate credit risk through various strategies and also devise policies which bring about an improvement in the credit health of the company.
- Trained counsellors
- Domain expertise
- Confidentiality of information
- End – end counselling and handholding