We are used to thinking only about our financial behaviors when trying to improve our credit scores. That’s probably because since the 1950s, FICO’s ranking formula has been an industry standard for consumer credit of all kinds. But in recent years we have seen more and more marketplace lenders ditch the traditional FICO scores for … Read more
Alok Mittal Micro, small, and medium enterprises (MSMEs) form the backbone of the Indian economy, playing a significant role in its equitable growth. Around 55-60 million MSMEs are operating in the country at present, comprising 24.63% of the GDP from service activities and contributing 33.4% to the total manufacturing output. However, despite being the growth engine of … Read more
Rati is the owner of a startup in the cookery business. She is being approached by a number of banks, all trying to woo her with women-oriented schemes like special credit cards, attractively-priced loans etc. She is impressed and some of the offers seem rather enticing. However she wonders if there are any issues that … Read more