Which of the following was the first credit rating agency of India? A. CIBIL B. Equifax C. CRISIL D. ICRA E. Experian

Which of the following was the first credit rating agency of India? A. CIBIL B. Equifax C. CRISIL D. ICRA E. Experian
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A. CIBIL Explanation: Credit Information Bureau (India) Ltd; CIBIL is India‘s first Credit Information Company, also commonly referred as a Credit Bureau. We collect and maintain records of individuals‘ and non-individuals‘ (commercial entities) payments pertaining to loans and credit cards. These records are submitted to us by banks and other lenders on a monthly basis; using this information a Credit Information Report (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications. A Credit Bureau is licensed by the RBI and governed by the Credit Information Companies (Regulation) Act of 2005.
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Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises? A. CRISIL B. ICRA C. CARE D. ONICRA E. SMERA

Description : Which is a full service credit rating agency exclusively set up for micro, small and medium enterprises? A. CRISIL B. ICRA C. CARE D. ONICRA E. SMERA

Last Answer : E. SMERA Explanation: SMERA Ratings Limited (formerly SME Rating Agency of India Ltd.) is a full service credit rating agency exclusively set up for micro, small and medium enterprises.

Which amidst the following is not a credit rating agency? (1) CRISIL (2) CARE (3) ICRA (4) IFCI

Description : Which amidst the following is not a credit rating agency? (1) CRISIL (2) CARE (3) ICRA (4) IFCI

Last Answer : (4) IFCI Explanation: A credit rating agency (CRA) is a company that assigns credit ratings for issuers of certain types of debt obligations as well as the debt instruments themselves. In ... financial consulting services across India, as well as in the Asia-Pacific region through its subsidiaries.

Which amidst the following is not a credit rating agency ? (1) CRISIL (2) CARE (3) ICRA (4) IFCI

Description : Which amidst the following is not a credit rating agency ? (1) CRISIL (2) CARE (3) ICRA (4) IFCI

Last Answer : IFCI

What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above

Description : What is/are the credit rating agencies approved for the acceptance of public deposits by an HFC? A. The Credit Rating Information Services of India Ltd. (CRISIL) B. ICRA Ltd. C. Credit Analysis and Research Limited (CARE) D. FITCH Ratings India Pvt. Ltd. E. All of the Above

Last Answer : E. All of the Above Explanation: The HFC having credit rating can accept more deposits as compared to an HFC without such rating. The following credit rating agencies have been approved for the above ... ♦ ICRA Ltd. ♦ Credit Analysis and Research Limited (CARE) ♦ FITCH Ratings India Pvt. Ltd.

ICRA, CRISIL, and Standard and Poor‟s (S&P) are ______ A. Financial Institutions B. NGOs C. NBFCs D. Credit Rating Agencies

Description : ICRA, CRISIL, and Standard and Poor‟s (S&P) are ______ A. Financial Institutions B. NGOs C. NBFCs D. Credit Rating Agencies

Last Answer : D. Credit Rating Agencies Explanation: A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor s ability to pay back debt by making ... payments and the likelihood of default. Example:- ICRA, CRISIL, and Standard and Poor s (S&P).

The headquarters of Investment Information & Credit Rating Agency(ICRA) Limited is located in _________ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Description : The headquarters of Investment Information & Credit Rating Agency(ICRA) Limited is located in _________ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Last Answer : D. Gurugram Explanation: ICRA is second largest Indian rating comapany in term of customer base. It was a jointventure between Moody‘s and various Indian commercial banks and financial services companies. Headquarters is in Gurgaon (Haryana),India

Which of the following is India‟s first Credit Information Company? A. CRISIL B. CIBIL C. SMERA D. CERSAI E. CARE

Description : Which of the following is India‟s first Credit Information Company? A. CRISIL B. CIBIL C. SMERA D. CERSAI E. CARE

Last Answer : B. CIBIL Explanation: TransUnion CIBIL Limited is India s first Credit Information Company, also commonly referred as a Credit Bureau. It collect and maintain records of individuals and ... (CIR) and Credit Score is developed, enabling lenders to evaluate and approve loan applications.

How do I make a check out to Equifax or Experian?

Description : How do I make a check out to Equifax or Experian?

Last Answer : Please check – - – the fact they are charging YOU and then you opt out of any class action suit ! ! !

Identify odd one out ________ (a) CRISIL b) ICRA c) ICICI )

Description : Identify odd one out ________ (a) CRISIL b) ICRA c) ICICI )

Last Answer : c) ICICI )

Which of the following is the only Central Record Keeping Agency (CRA) appointed by the Government of India? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Description : Which of the following is the only Central Record Keeping Agency (CRA) appointed by the Government of India? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Last Answer : D. SHCIL Explanation: SHCIL is appointed as Central Record-keeping Agency (CRA) and associated with stamp duty collection and not valuation.

Credit Rating Agency, SMERA accredited by ________ A. SEBI B. SIDBI C. NABARD D. RBI E. None of these

Description : Credit Rating Agency, SMERA accredited by ________ A. SEBI B. SIDBI C. NABARD D. RBI E. None of these

Last Answer : D. RBI Explanation: The Company has received accreditation from the Reserve Bank of India (RBI) as an External Credit Assessment Institution (ECAI) under BASEL – II norms for undertaking bank loan ratings.

Credit Information Bureau India Limited (CIBIL) is India‟s first Credit Information Company (CIC) headquartered at ________ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Description : Credit Information Bureau India Limited (CIBIL) is India‟s first Credit Information Company (CIC) headquartered at ________ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Last Answer : A. Mumbai Explanation: Credit Information Bureau (India) Limited (CIBIL) is India‘s first Credit Information Company (CIC) founded in August 2000. CIBIL collects and maintains records of an individual‘s payments pertaining to loans and credit cards.

Which of the following plays an important role in the loan approval process? A. Credit Information Report (CIR) B. CIBIL TransUnion Score C. Only A D. Both (A) and (B) E. None of the Above

Description : Which of the following plays an important role in the loan approval process? A. Credit Information Report (CIR) B. CIBIL TransUnion Score C. Only A D. Both (A) and (B) E. None of the Above

Last Answer : D. Both (A) and (B) Explanation: The Credit Information Report (CIR) and CIBIL TransUnion Score are very important in the loan approval process.

Why can't I get my free credit report from Equifax and TransUnion?

Description : Why can't I get my free credit report from Equifax and TransUnion?

Last Answer : “Free” doesn’t mean that you get to dictate terms, I guess.

What is the address to request my annual free credit report from Equifax?

Description : What is the address to request my annual free credit report from Equifax?

Last Answer : Under federal law you are allowed to have up to 1 free credit report from each of the major credit bureaus (Experian, Equifax, and TransUnion). You can visit http://www.AnnualCreditReport.com to get yours each year.

Reasons Why You Should Check Your Equifax Credit Report?

Description : Reasons Why You Should Check Your Equifax Credit Report?

Last Answer : Checking your Equifax report is vital because it provides the status of a debtor's credit situation. The information on the report will influence the rate of interest on all financial obligations. ... ways to request an Equifax credit report. Individuals can request a copy of their report by

______ is the opinion of the rating agency on the relative ability and willingness of the issuer of the debt instrument to meet the debt service obligation as and when the arise. (a) merit rating b) credit rating c) rating by merchant banker )

Description : ______ is the opinion of the rating agency on the relative ability and willingness of the issuer of the debt instrument to meet the debt service obligation as and when the arise. (a) merit rating b) credit rating c) rating by merchant banker )

Last Answer : (a) merit rating

SME Rating Agency of India Limited (SMERA), a third party rating agency is situated in _______ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Description : SME Rating Agency of India Limited (SMERA), a third party rating agency is situated in _______ A. Mumbai B. New Delhi C. Noida D. Gurugram E. Hyderabad

Last Answer : A. Mumbai Explanation: SME Rating Agency of India Limited (SMERA) is a third party rating agency exclusively set up for micro, small and medium enterprises (MSME) in India for ratings on creditworthiness.

SMERA is the ______ rating agency in the country? A. First B. Sixth C. Seventh D. Eighth E. None of these

Description : SMERA is the ______ rating agency in the country? A. First B. Sixth C. Seventh D. Eighth E. None of these

Last Answer : B. Sixth Explanation: SMERA is registered with the Securities and Exchange Board of India (SEBI) as a Credit Rating Agency (6th in India).

According to rating agency Fitch, Indian banks will need approximately how much capital by 2019 to meet new Basel III capital norms? A) $100 billion B) $90 billion C) $85 billion D) $70 billion E) $95 billion

Description : According to rating agency Fitch, Indian banks will need approximately how much capital by 2019 to meet new Basel III capital norms? A) $100 billion B) $90 billion C) $85 billion D) $70 billion E) $95 billion

Last Answer : B) $90 billion Explanation: According to rating agency Fitch, Indian banks will need about $90 billion of capital to meet new Basel III capital norms to be implemented by the financial year ending March 2019, more than 80% of which will be needed by public sector lenders.

SMERA is also em-panelled as an approved rating agency by_______ A. SIDBI B. NABARD C. NSIC D. Both (B) and (C) E. None of these

Description : SMERA is also em-panelled as an approved rating agency by_______ A. SIDBI B. NABARD C. NSIC D. Both (B) and (C) E. None of these

Last Answer : C. NSIC Explanation: SMERA is also em-panelled as an approved rating agency by the National Small Industries Corporation Ltd. (NSIC) under the ―Performance & Credit Rating Scheme for Small Industries‖, approved by the Ministry of Small Scale Industries, Government of India.

Earlier in July, which of the following companies was upgraded to a high safety grade by Crisil? A) Manappuram Finance Limited B) Mahindra Finance C) Muthoot Finance D) Kosamattam E) None of these

Description : Earlier in July, which of the following companies was upgraded to a high safety grade by Crisil? A) Manappuram Finance Limited B) Mahindra Finance C) Muthoot Finance D) Kosamattam E) None of these

Last Answer : C) Muthoot Finance Explanation: Ratings firm Crisil has upgraded Muthoot Finance‘s long-term debt rating to a high safety grade of AA/stable from AA-/stable earlier. Under Crisil scale, AA rating will fall under high safety category and carries very low credit risk.

Who amongst the following is the regulator in the financial system of the country? A. Other than those given as options B. SEBI C. CRISIL D. TRAN E. CERC

Description : Who amongst the following is the regulator in the financial system of the country? A. Other than those given as options B. SEBI C. CRISIL D. TRAN E. CERC

Last Answer : B. SEBI Explanation: The financial system in India is regulated by independent regulators in the field of banking, insurance, capital market, commodities market, and pension funds. Example of Financial Regulators: RBI, IRDAI, SEBI, PFRDA.

With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Description : With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Last Answer : C) TransUnion International Inc Explanation: Earlier the shareholding patterns of CIBIL were TransUnion International Inc (66.1%) ICICI Bank Ltd (6%) Bank of Baroda (5%) Bank of India (5%) Union ... Private Ltd. (4%) India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)

Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Description : Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Last Answer : D) ICICI and Bank of Baroda Explanation: ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.

Which of the following is the slogan of CIBIL? A. Empowering Banks B. Empowering Women C. Empowering India D. Empowering you E. None of the Above

Description : Which of the following is the slogan of CIBIL? A. Empowering Banks B. Empowering Women C. Empowering India D. Empowering you E. None of the Above

Last Answer : D. Empowering you Explanation: Slogan: Empowering you

Which of the following holds majority stake in CIBIL? A. Bank of India B. Bank of Baroda C. United Bank of India D. TransUnion International E. ICICI Bank Ltd

Description : Which of the following holds majority stake in CIBIL? A. Bank of India B. Bank of Baroda C. United Bank of India D. TransUnion International E. ICICI Bank Ltd

Last Answer : D. TransUnion International Explanation: TransUnion International Inc (66.1%) ICICI Bank Ltd (6)% Bank of Baroda (5)% Bank of India (5)% Union Bank of India (5)% Indian Overseas Bank (5) ... Company Private Ltd. (4)% India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)

Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : E. India Infoline Finance Limited Explanation: India Infoline Finance Limited – 1%

Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : C. Aditya Birla Trustee Company Private Ltd Explanation: Aditya Birla Trustee Company Private Ltd – 4%

What the fax number to experian?

Description : What the fax number to experian?

Last Answer : What's the. Fax number to Experian

The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Description : The structure of the registry which will enable quick sharing of information about unstructured borrowers and help banks fight bad loans. The registry is called _______ A. CIBIL B. Fraudelent Borrowers List C. RBI wilful Defaulter List D. Central Fraud Registry E. None of the Above

Last Answer : D. Central Fraud Registry Explanation: The Reserve Bank of India has operationalised a Central Fraud Registry (CFR). The registry will make available more information to banks at the time of starting a ... of an account. The CFR is a centralised searchable database which can be accessed by banks.

Which of the following is/are technical partners of CIBIL? A. TransUnion International B. Dun and Bradstreet C. SIDBI & PSBs D. Both (A) and (B) E. Both (A) and (C)

Description : Which of the following is/are technical partners of CIBIL? A. TransUnion International B. Dun and Bradstreet C. SIDBI & PSBs D. Both (A) and (B) E. Both (A) and (C)

Last Answer : D. Both (A) and (B) Explanation: TransUnion International and Dun and Bradstreet are technical partners of CIBIL.

How many divisions are there in CIBIL? A. one B. Two C. Three D. Four E. None of the Above

Description : How many divisions are there in CIBIL? A. one B. Two C. Three D. Four E. None of the Above

Last Answer : B. Two Explanation: It has two divisions : Consumer Bureau and Commercial Bureau

Which of the following is the country‟s largest custodian and depository participant? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Description : Which of the following is the country‟s largest custodian and depository participant? A. CIBIL B. SEBI C. NABARD D. SHCIL E. None of the Above

Last Answer : D. SHCIL Explanation: Stock Holding Corporation of India Ltd (SHCIL), India‘s largest custodian and depository participant.

SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Description : SMERA has been registered under _______ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. None of these

Last Answer : D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Explanation: SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.

A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

Description : A Credit Bureau is governed by _________ A. Securities and Exchange Board of India Act, 1992 B. Reserve Bank of India Act, 1934 C. Banking Regulation Act, 1949 D. Securities and Exchange ... of India (Credit Rating Agencies) Regulations, 1999 E. Credit Information Companies (Regulation) Act of 2005

Last Answer : E. Credit Information Companies (Regulation) Act of 2005 Explanation: A Credit Bureau is governed by the Credit Information Companies (Regulation) Act of 2005.

Which of the following is the Regulator of the credit rating agencies in India ? A. RBI B. SEBI C. SIDBI D. GOI E. None of the Above

Description : Which of the following is the Regulator of the credit rating agencies in India ? A. RBI B. SEBI C. SIDBI D. GOI E. None of the Above

Last Answer : B. SEBI Explanation: The capital market regulator regulates rating agencies in most regions. In India, the capital markets regulator, the Securities and Exchange Board of India (SEBI), regulates the rating agencies in the country.

Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Description : Credit rating _______ A. is used to rate the borrowers while giving advances B. is used to work out performance of the employees C. is used to calculate the number of excellent audit rated branches D. is not used in any bank E. is necessary before giving promotion to employees

Last Answer : A. is used to rate the borrowers while giving advances Explanation: Credit rating is an analysis of the credit risks associated with a financial instrument or a financial entity. An assessment of the creditworthiness of a borrower with respect to a particular debt or financial obligation.

What are you going to do about the Equifax breach to protect yourself?

Description : What are you going to do about the Equifax breach to protect yourself?

Last Answer : I put a credit line freeze on my account with Equifax, TransUnion, and Experian. It cost $5 per company but it means that any time someone tries to take out a loan, open a credit card, etc. in my name ... will have to provide a PIN that only I have access to. This is the only action I'm taking.

As an econsumer, does Equifax really need all of my information?

Description : As an econsumer, does Equifax really need all of my information?

Last Answer : Yes, they need any information they ask for.

Will Equifax really pay $125 to every American affected by its data security breach?

Description : Will Equifax really pay $125 to every American affected by its data security breach?

Last Answer : No. Equifax will issue payouts to those affected by the company’s 2017 data breach who file a claim, but the amount of those payouts will be much, much less than $125.Here’s the ... Equifax settlement and any additional developments that occur between now and the end of the settlement period.

What is the full form of 'ICRA' ? -How To ?

Description : What is the full form of 'ICRA' ? -How To ?

Last Answer : The full form of 'ICRA' is Investment Information and Credit Rating Agency of India

CRAR stands for _________ A. Capital to Risk-Weighted Assets Ratio B. Capital to Risk Assets Ratio C. Credit Rating-Weighted Assets Ratio D. Credit Rating Assets Ratio

Description : CRAR stands for _________ A. Capital to Risk-Weighted Assets Ratio B. Capital to Risk Assets Ratio C. Credit Rating-Weighted Assets Ratio D. Credit Rating Assets Ratio

Last Answer : A. Capital to Risk-Weighted Assets Ratio Explanation: The Capital Adequacy Ratio (CAR) or Capital-to-Risk weighted Assets Ratio (CRAR) is a measure of a bank s capital. It is ... It is used to protect depositors and promote the stability and efficiency of financial systems around the world.

What is the full form of 'CRISIL' ? -How To ?

Description : What is the full form of 'CRISIL' ? -How To ?

Last Answer : The full form of 'CRISIL' is Credit Rating Information Services of India Limited

B) CaixaBank Explanation: As per the agreement, they will expand banks‘ guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local enterprises The banks will collaborate in areas of mutual interest such as syndicated loan business, guarantee transactions, trade finance and export credit agency finance, infrastructure finance and networking services, among others.

Description : B) CaixaBank Explanation: As per the agreement, they will expand banks guarantee transaction businesses by jointly providing credit to Indian-Spanish joint ventures and Indian local ... finance and export credit agency finance, infrastructure finance and networking services, among others.

Last Answer : Recently an Indian bank launched next generation features on its app „iMobile‟ which will enable customers to instantly pay taxes and book railway tickets within the app. Name the bank. A) Federal Bank B) Punjab National Bank C) Kotak Mahindra Bank D) ICICI Bank E) Bandhan Bank

Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Description : Micro Units Development Refinance Agency (MUDRA) has a corpus of _______, and credit guarantee corpus of ________ A. Rs 25,000 crore and Rs.3,000 crore B. Rs 20,000 crore and Rs.4,000 crore C. Rs 15,000 crore and Rs.4,000 crore D. Rs 20,000 crore and Rs.3,000 crore

Last Answer : D. Rs 20,000 crore and Rs.3,000 crore Explanation: The bank will have an initial corpus of Rs 20,000 crore and a credit guarantee fund of and Rs.3,000 crore. The bank will initially ... as a non-banking financial company and a subsidiary of the Small Industries Development Bank of India (SIDBI).

This is how CIBIL Score differs from CIBIL Report?

Description : This is how CIBIL Score differs from CIBIL Report?

Last Answer : This is how CIBIL Score differs from CIBIL ReportIf you are new to the banking industry, you would realize the repeated use of the words CIBIL Score and CIBIL Report. This happens when customers want ... Experian) whereas CIBIL score can only be provided by CIBIL India. All four scores are equally

Does the personal loan app affect CIBIL?

Description : Does the personal loan app affect CIBIL?

Last Answer : No, when u buy a loan by a personal loan app then you have to fill the amount before the tenure period of the time. The loan amount should be returned on time. When u returned the loan ... does not affect by the app.Here are some of the Apps1. Mudrakwik2. Kreditbee3. LoanMart4. CashBean5. MoneyTap

Does payment amount make a difference on your credit rating?

Description : Does payment amount make a difference on your credit rating?

Last Answer : answer:Wrong wrong wrong wrong wrong. Did I mention that is wrong? Pay it off. If you pay it off in full each month, and do it on time and regularly, you get just as good or maybe even a ... . If you value your future, do not waste money that way. Worry about your finances, not your credit rating.

Will voluntarily cancelling a credit card adversely affect my credit rating?

Description : Will voluntarily cancelling a credit card adversely affect my credit rating?

Last Answer : I have been told it is a negative on your credit report but I had a couple on my report I had canceled and had no trouble arranging a home loan (a legit home loan through a local bank).