How is your StuCred score calculated?
Your StuCred score is an average of the score you have received for your transactions behaviour, and is measured out of 5 stars. Scores are assigned by the algorithm based on a variety of factors. The score is usually done on the basis of your performance during each transaction which in turn sums up to the final score. It is not easy to get 5 stars, so don’t get disheartened and think of this as a learning tool about credit and score building. Knowing a little more about the things that impact your score can help you be a 5 start user.
Related Articles
Managing your StuCred score after due date
We understand that at times you may be delayed due to various reasons to pay the loan on time and this may impact your score. Sooner you pay, lesser will be the impact on your StuCred score.
What is StuCred score & Why does it matter?
Score is basically a genuine understanding between You and StuCred. Generally when you score us on Social Media Platforms/App Store to convey your gratitude, we try to convey from our very own StuCred app. It gives us an opportunity to show you ...
How is a credit score calculated?
Credit Information Companies (CICs) calculate individual credit scores. CIBIL, Equifax, Experian and CIRF are the 4 CICs in India. Elements that could influence your score may include quantity and type of loans taken in the past, length of credit ...
Managing your StuCred score before due date
Your score is hugely impacted based on your repayment behaviour. Managing your credit before the due date is the best form of responsible borrowing. On time repayments and extensions before your due date will always have a positive impact and get you ...
What is StuCred?
StuCred is a secure digital platform offering short term loans to empower and educate the student community in India! We offer credit within the range of Rs 500 to Rs 30,000 instantly to the users bank account - ensuring one always has 'cash on ...