Ludhiana, January 6, 2013: CREDIT SUDHAAR, India’s first Credit Health Improvement Company has entered into a tie-up with Credit Information Bureau (India) Limited (CIBIL), a Credit Information Company, to offer Credit Advisory Services to those individuals whose CIBIL TransUnion Score* does not meet the lenders credit criteria making them ineligible for the loan offers at the CIBIL Market Place.
As a part of the agreement, CREDIT SUDHAAR will help individuals in improving their CREDIT HEALTH which will in turn enable them to get better offers from lenders at CIBIL Market Place. CIBIL Market Place is an online portal that offers customized loan and credit card plans based on your credit eligibility.
The announcement was made by Mr. Arun Ramamurthy, and Mr. Gaurav Wadhwani, co-founders of CREDIT SUDHAAR.
“We are happy to enter into a tie-up with CIBIL. It will help us in not only reaching out to a wider audience base but also in targeting those individuals who have a low credit score and are seeking Credit Health improvement services, directly. Getting a loan is usually a daunting task. Apart from complex legal formalities, there are many things that hamper the process of your loan approval and low credit score is the most common among all of them. At CREDIT SUDHAAR, we strive to improve your CREDIT HEALTH by following a systematic approach of interpreting your credit report, identifying the issues with the report and comprehensive analysis.” said Mr. Arun Ramamurthy, co-founder , CREDIT SUDHAAR.
From time to time, CIBIL is approached by the customers to provide them with their credit Score, which is used by banks and other financial institutions during the process of providing loans. According to the agreement, individuals who are not eligible for the offers they desire from the lenders (because their CIBIL TransUnion Score does not meet the lenders credit criteria) at CIBIL Market Place will see offers from CREDIT SUDHAAR. CREDIT SUDHAAR will help such individuals in improving their CREDIT HEALTH by interpreting an individual’s credit report which will help them to avail better offers on Home Loans, Personal Loans, Car Loans and Credit Cards, at CIBIL Market Place.
CIBIL Market Place is an online platform that enables you to choose from multiple offers across products and from across participating lenders all in a single view. What is unique about the CIBIL Market Place is that the offers are customized basis your CIBIL TransUnion Score, income and other parameters. These offers are best fit as per your eligibility from across the participating lenders.
“Your credit score plays a vital role in determining your financial health. It not just helps in getting your loan approved, but goes far beyond it. It is important to keep a check on your credit score to enjoy sound financial health and goodwill,” said Mr. Gaurav Wadhwani, co-founder CREDIT SUDHAAR.