Before applying for a personal loan, most people consider their credit score and income only to determine their eligibility. An individual may have a decent credit score of 700+. Yet, in some cases, the loan application may still get rejected. In this article, we will explore some of the reasons why a personal loan application may get rejected inspite of having a decent credit score.Credit score is only one of the eligibility criteriaBanks and NBFCs have various eligibility criteria for personal loans and o ...

If you’re a homeowner and have a credit score with a few dings and scratches, you might think a home equity line of credit (HELOC) is out of reach. The truth? Maybe not. While less-than-stellar credit can make the process more difficult, closing on a bad credit HELOC might be simpler than you think. In this article: What is a HELOC, and how does it work? A HELOC is a second mortgage that lets you borrow against the equity you’ve built in your home. The easiest way to think about it is that it’s essentia ...