If you find any unauthorised inquiry on credit report, you need to intimate the credit bureau about such an occurrence along with the details. Additionally, credit bureaus such as CIBIL have a dispute resolution process wherein you can file a dispute regarding this.
The age of your credit accounts is a key factor that determines your credit score. Discontinuing old credit accounts can shorten your average account age, which may slightly lower your score, particularly if you don t have many other accounts with a long credit history.
Having a mix of different types of credit can have a positive impact on your credit score. Lenders like to see that you can manage different kinds of debt responsibly.
India Business News: If you miss a loan payment, it's not the end of the world. Lenders usually give you a delinquency period to catch up on payments before a payment defa