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How You Can Take a Free Credit Score Check Yourself?




A credit score is a three-digit number that depicts an individual’s creditworthiness. It ranges from 300 to 900 and summarises a credit user’s credit history, rating, and report. Credit information bureaus calculate credit scores based on factors like repayment history, new debt, credit utilisation ratio, credit mix, etc. When someone applies for a loan, the credit score marks their credit discipline, based on which lending institutions determine their loan eligibility, amount, interest rate, and other terms and conditions.

You can check your credit score for free on the websites of top lending institutions from time to time to stay on track and take the necessary steps at the right time. The higher the credit score, the better the chances of loan approval. Online lending institutions typically consider a credit score of 630 or above for Personal Loan approvals. Want to check your credit score for free? Here, you will know how doing that is possible. 

Who Calculates the Credit Score?

Four credit bureaus in India are authorised to calculate credit scores: Experian, CIBIL TransUnion, CRIF High Mark, and Equifax. Lending institutions and NBFCs rely on the 3-figure scores these agencies compute to determine a borrower’s creditworthiness.

Factors Considered While Calculating Credit Scores

The bureaus compute credit scores based on several factors, and each parameter impacts the score differently. These are the most important factors that they look at and their weightage:

  1. Payment History (35%): The payment history defines the consistency of making due payments on time. It is the most significant contributor while calculating credit scores.
  2. Owed Amounts (30%): The owed amount is the outstanding debt an individual currently owes. The lower the due amount, the higher their credit scores.
  3. Length of Credit History (15%): A person’s credit history largely depends on the period they have had credit accounts open in their name. Those who have had a credit account open for a long must retain it to maintain a good credit score and keep its credit limit. A long credit history with responsible credit behaviour can help achieve a high credit score.
  4. New Credit Application (10%): Alsoknown as a credit inquiry, each new application negatively affects the credit score due to the hard inquiry the creditor pulls on the credit report. Multiple loan applications within a short period project the individuals as credit hungry and reduce their chance of approval.
  5. Types of Credit Used (10%): Individuals can increase their credit score if they responsibly use different credit types, such as revolving credit and instalment loans. That is why credit bureaus assign higher credit scores to people with diversified credit portfolios.

Importance of Checking the Credit Score Regularly

Checking credit scores regularly gives more control over credit in an individual’s financial life. Here, we will discuss a few reasons why checking the credit score is important:

Understand Financial Standing: Just like regular health check-ups are necessary to keep physical health in order, checking the credit score also helps maintain good financial well-being. Whether good or bad, checking the credit score regularly is better to get an idea of where the credit stands. Those with a good credit score should follow the right financial behaviour to maintain it. If the score is low, they can take remedial measures in time to improve it.

Maintain Credit Score in Good Shape: Many students pass the exam with a week-long study rather than studying throughout the year. However, the credit score does not work that way. If an individual needs a loan for an emergency, they cannot improve their score in just a couple of days. They must maintain good credit behaviour for years to build and maintain it in good shape. Thus, monitoring the scores regularly gives control over the credit and keeps it at its best.

Ensure Accurate Credit Information: The credit score reflects the information in the credit report. So, checking it regularly helps determine whether it is accurate or not. If the score is lower than expected, there are chances that the report contains errors that one must bring to the credit bureau’s notice.

Get Useful Insights of the Credit Score: Do you want to know how the credit score models work? Look at the credit report and know all the secrets. The report shows different parameters that influence an individual’s credit score. Regular checking allows one to study these parameters and understand what they are doing right and what not. So, analysing the score helps focus on areas that are pulling the score down.

Notice the Changes Whenever They Happen: Checking the credit score online keeps an individual informed about any changes in their credit scores. If they notice a fall, they must figure out what caused it and take the necessary steps to recover the loss.

Know Eligibility for Better Offers: As the score improves, the chances of getting easy loan approvals also improve. For instance, when the score reaches 630, an individual’s personal loan eligibility improves, and they qualify for better rates and deals.

Steps to Check Free Credit Score Online

Here is how one can check credit score for free online:

  • Visit the website of the credit bureau or a reputed NBFC
  • Select ‘Get Your Free Credit Score’
  • Enter details like your name, date of birth, email ID, PIN code, phone number, etc.
  • Attach ID proofs like PAN card, Aadhaar card, voter ID, or passport
  • Accept the terms and conditions and continue
  • Enter the OTP received on your registered mobile number and continue
  • Go to Dashboard and check the credit score

Each credit bureau provides one annual credit report for free. So, users can get four credit reports, one from each credit bureau, without paying any charges. However, those requiring more credit reports in a year can do so by paying additional fees.


Checking the credit score regularly helps maintain it at the desired level and take the necessary steps at the right time. Use the steps mentioned here to check your credit score for free online and enjoy the benefits.


Understanding Proof of Income for Self-Employed Individuals





Explore the intricacies of proving income for self-employed individuals in a digital age. This comprehensive guide delves into the importance of income verification, offers practical examples and best practices, and highlights challenges and solutions unique to freelancers and entrepreneurs.

With insights on digital tools and the evolving landscape of work, this article provides a roadmap for self-employed professionals to navigate financial conversations with confidence.

In an increasingly digital and entrepreneurial age, many people are opting for self-employment, leaving behind the traditional 9-to-5 grind. This transition isn’t just about pursuing passion projects or seeking flexibility; it’s also about embracing the autonomy of being one’s own boss.

However, while this shift offers numerous benefits, it comes with its own set of challenges. One such challenge is proving your income. For self-employed individuals, understanding how to provide proof of income is crucial for many reasons, including renting an apartment, obtaining a loan, or simply for personal record-keeping. Let’s delve deeper into this topic and provide some practical tips.

The Importance of Proof of Income

For traditional employees, proving income is as simple as providing recent check stubs or an employment verification letter. However, for the self-employed, it’s a more intricate process. The self-employed don’t have a fixed salary or a regular paycheck. Their income might vary month-to-month based on client payments, project completions, or sales. This variability can raise eyebrows when they’re trying to make significant financial moves.

1. Loans and Mortgages: Financial institutions operate on trust. They need assurance that you can repay borrowed amounts. For self-employed individuals, this often means showing consistent income over a period.

2. Renting: In competitive rental markets, landlords and property managers need to ensure their tenants can consistently pay rent. A proof of income provides that reassurance.

3. Insurance: When determining policy rates or eligibility, especially for life and disability insurance, companies may want to see proof of income.

4. Taxes: Accurate earnings reporting is essential. Over or under-reporting can lead to complications, fines, or audits.

 Comprehensive Examples of Proof of Income

1. Tax Returns: The most universally accepted document, tax returns, especially the Schedule C for sole proprietors, paints a clear picture of annual earnings and business-related expenses.

2. Profit and Loss Statements: Regularly updated profit and loss statements show your business’s financial health. It can be beneficial to have these statements both monthly and annually to give a more granular view of your income trends.

3. Bank Statements: If you maintain a separate business account (which is a best practice!), bank statements can showcase your business’s cash flow. It’s crucial to note, though, that while they show income, they also reflect outgoing expenses.

4. Invoices and Payment Receipts: Especially for those in industries with frequent transactions, having a consistent record of invoices and their corresponding payment receipts can be invaluable.

Best Practices for Proving Income

1. Stay Organized: This cannot be stressed enough. Whether you’re using digital tools or old-fashioned binders, keeping meticulous records is crucial.

2. Use Accounting Software: Leveraging software can automate income tracking, expense categorization, and even tax calculations. There are various platforms tailored to freelancers and small business owners.

3. Seek Professional Help: If finances aren’t your strength, consider hiring an accountant or bookkeeper. They can provide guidance, ensure accuracy, and even offer insights into tax deductions.

4. Regular Reviews: Take time each month to review and update your financial records. This habit not only aids in income verification but also helps in spotting financial trends or issues early.

Challenges and Solutions: Proving Income as a Self-Employed Individual

Being self-employed brings about a unique set of challenges when it comes to financial documentation. Here’s a closer look at some of these challenges and potential solutions:

1. Inconsistent Income: Unlike traditional employees who have fixed salaries, self-employed individuals might earn differently each month.

   – Solution: Maintain a monthly profit and loss statement. Over time, this will provide a clearer picture of average earnings, which can be useful when you need to prove a stable income.

2. Lack of Formal Documentation: Freelancers or independent contractors might not always have formal contracts, especially when dealing with smaller clients or one-off projects.

   – Solution: Always insist on a written agreement, no matter how small the project. This not only serves as a record but also protects both parties involved.

3. Cash-Based Transactions: Some self-employed individuals, especially in certain sectors, deal primarily in cash, which can be challenging to document.

   – Solution: Consider using digital payment methods, which automatically create a record. If dealing in cash, provide receipts and maintain a detailed ledger.

4. Complex Business Expenses: Some self-employed individuals have complex expenses, which can muddy the waters when determining actual income.

   – Solution: Separate personal and business expenses by using different bank accounts. Regularly categorize and record all business-related expenses.

 The Role of Digital Tools in Income Verification

The digital age has brought about numerous tools that can assist self-employed individuals in their quest to document and verify their income. Platforms like QuickBooks, FreshBooks, and Wave cater specifically to freelancers and small businesses, offering features that can track income, categorize expenses, and even generate profit and loss statements. Leveraging these tools can significantly simplify the process of income verification.

Moreover, many of these platforms integrate with banking systems, allowing for real-time updates. This integration not only ensures that the data is accurate but also reduces the manual effort required to input transactions. By investing time in understanding and utilizing these tools, self-employed individuals can make the task of proving income far more straightforward.

In Conclusion

The journey of self-employment is filled with both opportunities and challenges. While the freedom to choose projects and dictate work hours is liberating, the responsibility of managing finances can be daunting. However, with the right tools, knowledge, and practices, even tasks like proving income can become manageable. In the end, it’s all about being proactive, staying informed, and making use of the resources available.

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Safety First: Ensuring Secure Crypto Transfers Across Borders





The finance realm is undergoing a transformative shift with the growing adoption of cryptocurrencies for cross-border transfers—also heightened by the rise of apps to send crypto. While traditional banking systems have long been the primary means of transferring money internationally, crypto is emerging as a disruptive force, offering a faster, cheaper, and more accessible alternative.

However, along with its benefits, the cross-border nature of crypto transfers also presents unique challenges related to security. In this article, we will explore some security challenges involved in cross-border crypto transfers, plus proven solutions that can help you protect your identity and keep your funds safe.

The Security Threats in Cross-Border Crypto Transfers

Hacking and cybersecurity threats wield a profound impact on the security of cross-border crypto transfers, rendering them vulnerable to various malicious activities. These threats manifest in several ways, posing significant risks to the integrity and safety of international cryptocurrency transactions.

1. Unauthorized Access and Theft

Some hackers and cybercriminals target crypto exchanges, wallets, and platforms to gain unauthorized access to users’ accounts and digital assets. Once inside, they can execute fraudulent transactions, steal funds, or compromise sensitive information. This unauthorized access can disrupt cross-border transfers and lead to financial losses for users.

2. Phishing Attacks

Phishing attacks are a prevalent cybersecurity threat wherein malicious actors impersonate legitimate entities or websites to deceive users into revealing their private keys, wallet passwords, or other sensitive data. These stolen credentials can be used to hijack cross-border crypto transfers, diverting funds to unauthorized destinations.

3. Malware and Ransomware

Malicious software (malware) and ransomware pose grave threats to the security of crypto transactions. Malware can infiltrate users’ devices, monitor their activities, and steal sensitive information related to cross-border transfers. Ransomware attacks, on the other hand, can lock users out of their wallets or demand cryptocurrency payments in exchange for restoring access.

4. Smart Contract Vulnerabilities

Ethereum and other blockchain platforms employ smart contracts to automate transactions. However, vulnerabilities in these contracts can be exploited by hackers to manipulate cross-border transactions, diverting funds to unintended recipients or disrupting the intended process.

5. Exchange Breaches

As mentioned, crypto platforms are lucrative targets for cyberattacks due to their large pools of digital assets. Breaches of these platforms can also lead to the theft of significant amounts of cryptocurrency, affecting users engaged in cross-border transfers through these platforms.

6. Sim Swapping

Sim swapping involves fraudulently obtaining control over a user’s mobile phone number, often through social engineering. Once in control, attackers can reset passwords and gain access to your crypto wallet, potentially intercepting cross-border transactions.

7. Deceptive ICOs and Scams

The crypto space has seen its share of fraudulent initial coin offerings (ICOs) and scams. Investors lured into these schemes may unknowingly engage in cross-border transactions with malicious entities, leading to financial losses.

8. Blockchain Reorganization Attacks

Some cryptocurrencies are vulnerable to blockchain reorganization attacks, wherein attackers attempt to reverse transactions or manipulate the blockchain’s history. These attacks can disrupt cross-border transfers, causing confusion and insecurity among users.

How to Secure Your Cross-Border Crypto Transfers

The threats may be there, but don’t worry. Through a proactive and multifaceted approach to security, you can safeguard your cross-border crypto transactions. Here are some tips.

1. Use a platform with strong security measures.

A crypto platform with robust security measures employs various strategies and technologies that fortify its defenses against cybersecurity attacks and safeguard your digital assets. Some security features and practices you can look for include security audits, regular software updates, advanced encryption, two-factor authentication (2FA), and regulatory compliance, among others.

2. Use strong passwords.

Strong passwords serve as a robust barrier against malicious actors attempting to breach a crypto account. A strong password encompasses a blend of diverse elements, including upper and lower-case letters, numbers, and special characters. By doing this, you can heighten the difficulty level of hackers figuring out your password, making unauthorized access exceedingly challenging.

In addition, strong passwords enhance the efficacy of multi-factor authentication (MFA) or two-factor authentication (2FA), both of which are prevalent in crypto security measures.

3. Never share your passwords or PINs with anyone.

The policy of never sharing your passwords with anyone reinforces the security of your crypto holdings. Cybercriminals may employ social engineering tactics to manipulate individuals into disclosing their passwords. By adhering to the principle of password privacy, you thwart these manipulative efforts. Even in cases of sophisticated phishing campaigns or attempts to deceive you through other means, a steadfast commitment to password secrecy renders such endeavors futile.

4. Do regular software updates.

An outdated software is more susceptible to exploitation by cybercriminals. Be sure to keep your software up to date to benefit from security enhancements offered by the platform you’re using.

5. Use secure Wi-Fi networks.

It’s crucial to use secure, trusted Wi-Fi networks when conducting cross-border crypto transactions. Public Wi-Fi networks, especially in cafes, airports, or hotels, can be compromised by cybercriminals. You can use a virtual private network (VPN) to encrypt internet traffic and enhance the security of data transmission.

6. Beware of phishing.

Phishing attacks often involve deceptive emails, websites, or messages designed to trick users into revealing sensitive information. Always verify the authenticity of websites and double-check email senders. Avoid clicking on suspicious links or downloading attachments from unknown sources.

7. Educate yourself and stay Informed.

Awareness is a crucial element of cybersecurity. Be sure to regularly read the news and stay informed about innovations and technologies to also be aware of emerging threats and other possible security matters in the crypto sector.

The Bottom Line

Your commitment to cybersecurity can transform you from a potential target into a resilient and protected crypto user. Remember, it all begins with the basics—using a reliable crypto platform, keeping strong passwords, judicious password management, and using secure networks, among others. Also, stay informed about the market so you can prepare against potential risks that may arise along the way.

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How to Get Started with Bank Nifty Futures Trading as a Beginner?





Bank Nifty futures are derivative contracts based on the Bank Nifty Index, which reflects the performance of the banking sector in the Indian stock market. Engaging in Bank Nifty Futures trading involves buying or selling these contracts at a predetermined price on a future date.

Venturing into the world of Bank Nifty futures trading can feel challenging, particularly when you’re just getting started. However, with a systematic approach, you can steadily gain the knowledge and confidence needed to participate in this derivative market effectively.

This article is designed just for you to help you take your first steps in this space.

Get Started with Bank Nifty Futures Trading

Here’s a simplified step-by-step guide to help you kickstart your Bank Nifty Futures trading journey:

1. Get Your Basics Right

Just like any other form of trading, starting with a solid foundation is essential. There are various elements involved in Bank Nifty Future, such as:

  • Contract: This represents a standardized quantity of the Bank Nifty index that will be traded.
  • Expiry Date: This is the date when the futures contract will cease to exist.
  • Lot Size: This represents the minimum quantity of the Bank Nifty Index that needs to be bought or sold.
  • Price: This is the rate at which the futures contract is bought or sold.

You should have a basic understanding of the financial market and, specifically, how futures trading works. For this, you can enroll in a bank nifty futures trading course by to get insights.

2. Start with Limited Capital

Begin with a small capital. It not only reduces the potential risk but also alleviates initial trading anxieties. As your confidence and understanding of the market grow, you can consider scaling your investment gradually.

3. Learn Trading Strategies

Effective trading pivots on sound strategies. Dedicate time to understanding and learning a variety of trading strategies.

4. Implement Stop Loss for Risk Management

Trading is always accompanied by potential risks. To safeguard your capital, it’s crucial to use stop-loss orders. This mechanism helps limit your losses by automatically triggering a sale once the futures contract hits a predetermined price.

It’s a protective measure that keeps your potential losses under check while trading Nifty Futures.

5. Practice with Paper Trading

Before you venture into the real-time market for Bank Nifty Futures trading, acquaint yourself with paper trading. This virtual trading arena allows you to test and refine your strategies without any financial risks. It’s a valuable training ground that prepares you for real-world trading dynamics.

6. Stay Committed to Continuous Learning

The financial market is a dynamic landscape, with trends and strategies continually evolving. To stay competitive, commit to an ongoing learning process. Stay updated with the latest market trends, new strategies, and trading tools.

This commitment to continuous learning ensures you stay well-equipped to navigate the ever-changing terrain of Bank Nifty Futures Trading.


Getting started with Bank Nifty futures trading involves a lot of learning and practice. However, with the right guidance and perseverance, you can build a successful trading career.

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