Source: Google

According to the reports, a Bengaluru based media professional Rajshekhar Burujupati lost his job in 2008 that made him difficult to repay his credit card and personal loans which in return impacted his credit score.  After 10 years he applied for another loan, however, the bank declined to accept his request. Burujupati then approached the CreditMantri, a credit management service provider which helped him close the pending loan. Today, the Credit scores are really important to get better loan rates and the lenders rely on the credit scores while fixing the rate of personal loans.

Source: DNA

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