High Interest Rates: How to Tackle Credit Card Debt in 2025
Credit card debt is becoming an attractive proposition for most millennials as they come with attractive offers like rewards systems and life-long free membership offers. Each credit card company is competing with the others to offer more and more attractive rewards. The year-end sales by e-commerce platforms, the one month credit that comes with paying […]
How To Lower My Debt And Increase My Savings?
You may be plagued by student loans, credit cards and personal loans. How to get out of this burden of debt. Working to pay off debt while drumming up sufficient savings for the future may pose a challenge. You may have several competing priorities, but make sure that you make minimum payments on your outstanding […]
How To Manage The Low-Interest Rate On Credit Card Loans?
Out of India’s population, there is growing usage of credit cards with credit card holders adding up to 8.6% of the population by April 2023. This number is rapidly expanding with more banks and lending institutions offering attractive cashbacks and modest annual fees or the waiver of the same. Banks, fintech companies and other lending […]
Government Has Brought Credit Card Spend Under LRS Ambit
The Central Government has changed the Foreign Exchange Management Act guidelines to include credit card spending outside of India under the Liberalised Remittance Scheme (LRS). As a result, from July 1, such credit card transactions will be subject to a 20% tax collected at source (TCS). The amendment was implemented this week by the Central […]
The dark side of buy now pay later schemes
Buy now pay later schemes is the most instant solution and the coolest way to purchase an essential item, but looking at it closely, it might be a sign of massive interest rates and a debt trap. It is easier than ever to get what you want, when you want it- regardless of how much […]
How to Get Out of Credit Card Debt in India
“How Bad Is Credit Card Debt?” – A question everyone has been researching. A credit card is a useful tool for managing your money in times of need. You can use it to get access to money, buy things, and then pay it back later. The best aspect is that credit cards are widely accepted […]
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 […]
What legal action can a bank take against a credit card default in India?
Your browser does not support the audio element. Carrying a credit card requires systematic use. Like any other credit card companies, they don’t offer errors. Eventually when you miss card payments, you’ll be hit by heavy interest charges and late fees. The consequences may even get more serious and end up taking you into credit […]
Buy Now Pay Later
With the outbreak of the COVID-19 pandemic, installment payments have exploded in popularity along with a normal surge in online shopping. Among this installment, we are commonly hearing the term buy now pay later which is becoming increasingly popular with consumers. At first, this may sound convenient and easy, but it ultimately spells financial trouble […]
Struggling to repay you Credit Card Debts? Seek help from Specialist Credit Counsellors and Debt Management Advisors
Struggling to repay you Credit Card Debts? Seek help from Specialist Credit Counsellors and Debt Management Advisors Have you wondered why credit card money is easy to spend and difficult to repay? Having a credit card has become an important asset for people to meet their monthly expenses. Credit cards not only offers you the […]
