The Vibe Journal: Finance Blogs

To remove payments from your credit report you should first look at the entries and see if it is updated correctly or wrong. If it is wrong, you need to report it to the credit bureau or the lender about it and give them proof. Post intimating them, you can ask the bureau to correct it or remove it as a goodwill gesture. If the late payment is real, it will stay on your credit report for …

Yes, increasing your credit limit can affect your credit score. In most cases, it can actually improve your credit score but there is a catch. The impact depends on how you use your credit card after the credit limit increases.  In terms a higher credit limit can lower your credit utilisation ratio, which is one of the most important factors in your CIBIL score. If you use your …

Yes, applying for multiple loans can hurt your CIBIL score but not always in the way most people think. Many borrowers assume that more applications simply mean better chances of approval. In reality, frequent loan applications can signal risk to lenders and impact your creditworthiness.  If you’ve ever wondered how do multiple inquiries affect credit score, this guide breaks it down in a simple, …

If you see something on your credit report that you do not know about, it can be really scary. Someone checking your credit without your permission can be a mistake or it can be something very bad like someone trying to steal your identity. You should not ignore this activity because it can cause you a lot of trouble.  In India, banks and other lenders …

If you’re wondering ‘why my CIBIL score is decreasing’ or ‘why my credit score is decreasing’, the answer is simple; your score doesn’t drop randomly. It usually happens due to changes in your credit behavior like high usage, missed payments, multiple loan applications, or even errors in your credit report. Even if it feels like my credit score dropped for no reason, there is always …

Yes. Using 100% of your credit card limit can negatively impact your credit score. It signals to lenders that you may be over-dependent on credit, which increases your perceived risk even if you pay your bill on time.  What is Credit Utilisation?  The Credit Utilisation ratio is the amount of Credit Utilisation you are using compared to the amount of Credit Utilisation available to you. …

Struggling to keep up with EMIs due to changing financial circumstances? We understand that sometimes the situation doesn’t favour. Many borrowers today choose to extend loan tenure to reduce monthly burden and stay financially stable without missing payments or hurting their credit profile.  Let’s understand how and when to consider extending your loan tenure.  When Should You Consider Extending Your …

Starting a new job is exciting but what if you need funds right away? The good news is that getting a loan for freshers is possible, even with limited work experience, if you meet basic eligibility criteria.  Tips for Getting a Loan with a New Job  If you’ve recently joined a company, here’s how you can improve your chances of getting …

UPI has made digital payments seamless, but sometimes there could be issues that users can face where their UPI ID not getting activated or verification fails. It can be related to connectivity or credentials mismatch or any other technical reason for that matter.  Let’s understand why this happens and how to fix it quickly in more detail.  Common Reasons for UPI Activation Failure  If your UPI ID not getting activated, it usually comes …

UPI has made payments effortless but it has also opened doors for scammers. According to IBTimes India, with over 27 lakh fraud cases worth ₹2,145 crore reported in recent years, the scale of the UPI scam problem is significant.  Let’s break down the most common techniques used in a fake UPI payment scam, so you know exactly what to watch out for.  1. Fake Payment Screenshots  One of the …