Everything to know about Loan Rescheduling - Capital Hills
If you are an entrepreneur and trying your very best to manage your capital for the business, you might have heard about loan rescheduling. But do you know how you can leverage it? If not, this article would be your ideal guide. We have tried to touch upon some of the important benefits that you can get from loan rescheduling. Let’s get started. The impact of loan rescheduling Affect on the credit score A lot of consumers tend to confu s e the terms of loan rescheduling and moratorium in regards to the credit score. While the credit score does not take a hit in the case of the moratorium, no clear announcements have been made for loan rescheduling. This implies that going with the option of loan rescheduling can directly or indirectly impact the credit score. Many may argue that the rescheduling can be reported as “restructured,” which does not lead to a direct fall in credit score. However, it’s important to understand that the lenders can take adapt a defensive approach while they