If you have ever watched the movie ‘Catch me if you can’, you must have realized how smartly the lead actor uses false checks to commit sensational frauds. Such movies perfectly picturise the concept of banking and application frauds. Note that fraud is an unlawful activity, and in India, the fraudster is liable to hefty fines or …
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Credit bureaus are also known as Credit Information Companies (CICs) in India, are organizations which collect credit data related to loan and debt repayment history for individuals, businesses, and firms. They provide this data to financial institutions such as banks and NBFCs as personal credit score and credit report whenever an individual approaches a bank/financial …
Continue reading “Credit Bureaus – What Do They Mean for You?”
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