{"id":8909,"date":"2025-08-29T15:47:56","date_gmt":"2025-08-29T15:47:56","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/08\/29\/building-credit-confidence-simple-habits-that-secure-your-future-business-news\/"},"modified":"2025-08-29T15:47:56","modified_gmt":"2025-08-29T15:47:56","slug":"building-credit-confidence-simple-habits-that-secure-your-future-business-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/08\/29\/building-credit-confidence-simple-habits-that-secure-your-future-business-news\/","title":{"rendered":"Building Credit Confidence: Simple Habits That Secure Your Future | Business News"},"content":{"rendered":"


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Your salary doesn\u2019t directly influence your score, but it impacts your eligibility with lenders.<\/h2>\n
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In a world where everything from a car loan to a home rental hinges on your creditworthiness, there\u2019s no room for guesswork.<\/p>\n<\/figure>\n

Authored by Ashish Goyal, MD & Group Director-Finance, Fibe:<\/em><\/strong><\/p>\n

As India navigates through change in demographics and aspirations, according to me, personal financial responsibility has become more important. A healthy credit score can be the difference between securing a dream home or facing a loan rejection. Yet, despite growing ambition and digital awareness, many young Indians remain unaware about the same which silently sabotages their financial future.<\/p>\n

We have seen firsthand how a strong credit score is more than just a number; it\u2019s your financial reputation. It opens doors to lower interest rates, better credit products, and greater financial confidence. Yet, despite the RBI\u2019s directions which allow availability of credit scores extremely convenient, misconceptions still cloud judgment. We need to cut through the commotion, understand how credit really works, how lenders look at it and take charge of financial health with clarity and confidence.<\/p>\n

The credit score is shaped primarily by three major factors and that I would say is \u2013 time, repayment behaviour, and credit utilization. It requires patience and disciplined credit habits to build it properly in the long run. More than just the score, the overall report provides insights to potential lenders to help assess credit and make appropriate decisions. Also, keep in mind that each lender and product will assess the same credit report differently. For instance, home loan product lenders will approach credit products very differently than when a lender evaluates a credit card application.<\/p>\n

Your salary doesn\u2019t directly influence your score, but it impacts your eligibility with lenders. We always believed that what matters most is how you manage your existing credit, timely EMI payments, maintaining a low credit utilization ratio, and avoiding defaults. It is crucial to keep these points since I have seen salaried professionals with seven-figure earnings rejected loans due to careless credit behavior, yet others with smaller incomes have good credit ratings due to disciplined payments.<\/p>\n

While we discussed credit scores extensively, borrowers need to understand that these are not the only factors considered by lenders. Lenders also consider various factors, including income levels, existing leverage, and ability to pay before issuing a line of credit. At a high level, lenders analyze several characteristics to gain confidence in two areas such as willingness to pay and ability to pay. I would say some of it is science, some is art.<\/p>\n

We\u2019ve noticed that when lenders assess someone for credit, they\u2019re digging into the full picture.<\/p>\n