KREDITS: Improve your credit score with a unique approach

Kajal Dobhal | Innovative Zone

Today, the financial services space witnesses an upsurge of several credit consulting companies offerings some exclusive credit score management solutions. Their primary target is to ensure proper money management, debt management or budgeting in favour of lenders as well as borrowers for better control of their finances. Owing to a myriad of advantages of credit consulting, especially in the credit repair process, commonalities are turning to the credit consulting companies to get enlightened with the basics of finance. Hence, being in ‘the know’ of a reliable solution provider in this space is imperative.

Acknowledging this scenario, we decided to feature the profile of Kredue Fintech Private Limited aka KREDITS that has been dedicating its matchless solutions in this direction only. For this, we sat down for a face-to-face interview session with its Founder— Yashraj Bafna who discussed various aspects of his extraordinary business venture.

“Credit score and credit report are the two vital aspects of your financial health,” says Yashraj Bafna. His venture KREDITS has been incepted with the sheer endevour to improve client’s Credit Scores alongside assisting them to eradicate any issues or resolve any disputes in their credit report or closing their bad settled & written off account. Here, the absolute focus is on allowing the client’s retain their healthy score with the help of their innovative product line.

The Inception Story

KREDITS was incepted in 2016 by Yashraj as a credit consulting company. Way before he thought of starting a venture of his own, he was managing his family- business which was a Non- Banking Financial Company. Here, he aptly accumulated years of experience in handling bank loans where he used to prepare project reports. Here, he was hit by a realization that the disputes in credit reports are a huge impediment in the loan sanctioning process, as the scenarios are such that even an individual with collateral of 10 Crores seeking a loan of 2 Crores couldn’t get it approved just because of low credit scores. This recognition propelled him to study and observe the nuances of the credit scores and credit reports. And after thorough research and discussions with Bureau’s and Bank Executives, he dipped his feet into this space as a zealous entrepreneur. As stated earlier too, the primary objective behind this venture has been an intention to help people not just improve their credit reports, but also, make them aware of the issues in their credit reports, and the closures of such disputed accounts also.

A Glance Over The Mission

The company has an adamant mission of enhancing people’s awareness on attaining healthy credit scores. For this, it conducts seminars or interactive sessions on this topic across various organisations to make people reckon the significance of a good credit score in their business expansion. Straining every nerve in this direction, they have already made a huge difference for several organisations as well as individuals to scale up their respective businesses.

WHY CHOOSE KREDITS?

As a company dealing in credit and dispute resolutions, KREDITS gives credence to a good score that has to be around 720-900. With these figures, they assure consumers that they might never create any hassle in acquiring any kind of loans/funding from banking institutions. “From credit reporting to account handling to getting unsecured loans, KREDITS proves its fortes in every aspect of account analysis,” claims Yashraj.

PRODUCT LINE

KREDITS has an exemplary and innovative product portfolio that allows them to perform its operations effortlessly as well as effectively like— KUP, KBP & KAP.

KREDITS ADVANCE PROGRAM(KAP)

This exclusive program is suggested to people with a credit score of 700 and above. It addresses any disputes like a few written off, a suit filed or settled accounts.

KREDITS BUILDER PROGRAM(KBP)

It is a flagship program for individuals with a credit score below 700. With this, they not only ensure closures to their bad/ disputed accounts but also, allow them to ameliorate their credit scores.

KREDITS UPDATING PROGRAM(KUP)

This outstanding product helps clients check their credit scores through out the year to make sure they do not have any remark on it. Management of client’s monthly reports, monthly credits report, multiple Bureau report is some add on perks of this program.

THE FOUNDER’S VIGNETTE

Yashraj’s career journey as a corporate professional began in 2011 when he joined his dad’s NBFC that was meant for funding people as well as companies. Here, his core field of practice was fixated on business development operations. For this, he used to prepare company profiles and presentations while exploring the ways of business expansion. After graduating from an eminent institution, Yashraj ventured into a couple of companies — one of which was Adout.in, an advertising firm. Later, he established Kredits.in in 2017 to address the pain points for the credit scores. This venture was a proprietorship concern and in 2020, it was changed to a Pvt. Ltd. company with the support of a co-founder to make it grow in leaps and bounds.

With his partner, he also set up companies like Business Doctors, Credbiz Finserve, Credzai,etc. He describes himself as a ‘full-time Fintech Person’ who is always committed to delivering relevant solutions to combat problems faced in day to day life. Be it any sort of Fintech products, he is always thrilled to discuss about it and addresses it with solutions having exact matches.

Future Outlooks

Yashraj asserts that he intends to expand his business verticals. For this, he is in constant talks with various PSU & PSB banks, NBFCs and Credit Bureaus to tie up with KREDITS for improved service deliverables to its end customers. Currently, the firm is a fully-fledged thriving venture in Chennai and is also working with clients from diverse industrial domains. It has collaborated with an NBFC with which it is allowing the customers to simulate a credit score. And soon, it will be taking significant steps to stretch its footprints across the major cities like Coimbatore, Ahmedabad, Bangalore, Indore, Hyderabad while being in sync with its partner channel across various parts of the country. Owing to its innovative streak, KREDITS also strives to explore and ideate new products to enhance customer experience and has envisioned establishing its own NBFC in the upcoming years.