How loan recovery agent harassment tactics works?
The purpose of this article is to help you understand how loan recovery agent harassment works! It describes the adaptation of harassment by recovery agents to collect payments owed by debtors and how to handle such harassment. Recovery agents are the people hired by a bank or other financial institution in order to collect the […]
Develop Financial Discipline To Pay Off Debt Fast
With financial discipline, you can achieve big goals faster than with a one-off savings plan. If you stick to a budget and skip the necessities like your morning latte or an expensive new pair of running shoes, you can achieve your financial dreams in a lot less time than you imagined. Every time you put […]
6 ways to repay your debts
How to repay your debts? When you know that your debt is now out of control, whether from medical bills, shopping sprees, or unwanted expenses, it causes problems that affect your emotional as well as physical health. Though you might feel stressful about tackling any debt in same way: one step at a time: Here’s […]
Why do banks write off bad debt
Why do banks write off bad debt? Did you ever wonder why banks announce that they’re writing off bad debt? In many cases, banks do not prefer to write off bad debt since loans are their primary assets and source of future revenue. However, sometimes, there are loans that are toxic and cannot be repaid […]
E-commerce frauds in India
Over the past few years, the entire world was under lockdown due to the pandemic. Digitalization boomed due to lack of mobility and the restriction imposed by the official authorities on not leaving the house for any reason. It changed the entire mindset, and a new digital world with a rise in e-commerce frauds in […]
Illegal loan lenders are back in the digital frauds
Instant loan providers are thriving in the presence of the digital frauds. They are luring gullible people looking for easy loans by harassing them later, using recovery agents, and sometimes even leading them to experience mental illness or suicide. Let’s have a look at how these sharks bit people in portion by tempting them to […]
Blackmail by loan application is rising in Mumbai
Blackmail by loan application is rising in Mumbai Just in the past few days, many cases of illegal loan apps of harassing people to recover their loans have come to light. The article speaks about a 32-year man residing in Malad, Mumbai who took his life after he was tortured by recovery agents. They shared […]
The Importance of the Financial year in India
As a part of British inheritance in India, we still follow the pattern of considering April – March as the fiscal year. It has been 150 years since India followed the same pattern, whereas other 156 countries considered January-December as the fiscal year. Does India consider April-March as its fiscal year, an advantage over these […]
Phishing Scams, What Does it Mean and How to Prevent it
Phishing Scams, What Does it Mean and How to Prevent it As a democratic country, India is now introducing the concept of the digital world. In past recent years, pandemics have majorly affected many people’s lifestyle as well as the mental health. People started taking loans to meet their needs and adapted to digital payment. But […]
What Is The Best Way To Refinance/Consolidate Credit Card Debt?
A lower annual percentage rate on the new debt than on your credit cards is perfect for debt consolidation. This can lower interest expenses, make your payments easier to manage or reduce the time until repayment. How much debt you have, your credit score and other factors will determine the optimal consolidation strategy. If you […]
