Market Magic

Is your credit history good enough?

Did you ever think that paying telephone bills on time would help in getting that dream job ? Or, for that matter in getting that park-view apartment on rent? This is already happening in the US and several other countries and your prospective employers and landlords are soon expected to follow the suit.

Get ready to witness the power of credit score in your day-to-day life. In fact, you may not know, but this is already affecting your financial state of affairs. Last time when your loan application was rejected by a bank, your credit report card might have been the culprit. But contrary to popular belief, your credit score is not just about your eligibility and worthiness for loans and credit cards . This tracks almost everything related to money in your life -- be it payments for your telephone, electricity and water usage, credit cards, bank accounts, home loans, personal loans, your spending habits and your shareholding patterns among others.

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posted by Arhaan @ 9:41 PM