Importance of a Debt Management Plan
With debt management programs, it is easy for someone who is in debt to repay it. The importance of debt management plan can be a lifesaver for those who are deeply stuck in a debt trap. Debt management plans- also called DMP, Debt Solution Plan or debt counselling- are now-a-days booming in the market as […]
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 […]
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 […]
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 […]
Home Loan or Personal Loan? Which One is Right for You?
Loans can help you make purchases, bridge a short-term cash flow gap, or build a long-term asset such as a home. Most financial institutions, including banks, non-banking finance companies (NBFCs), and housing finance companies (HFCs), offer a variety of loans to meet the needs of their customers. Customers can choose between home loan or personal […]
How Can the Snowball Method Help You Pay Off Debt Faster?
Although trying to pay off debt can feel overwhelming, there are methods that can be useful. There are typically two ways you can use to help reduce your debt; each has advantages and disadvantages. Because every person’s debt situation is unique, there is no right or wrong answer when it comes to the best technique. […]
