How to Raise Your CIBIL Dispute and Improve Your Score
A CIBIL dispute refers to the process of raising a formal complaint or disagreement with the Credit Information Bureau India Limited (CIBIL) regarding any inaccuracies or discrepancies found in an individual’s credit report. What Is CIBIL Dispute All About? A credit report is a comprehensive record of an individual’s credit history, including details of their […]
How to Remove Name from CIBIL Defaulters List?
Have you found yourself caught in the challenging position of being named on the CIBIL defaulters list? You should investigate what caused the default and take steps to rectify it as soon as possible. This could involve contacting the lender to arrange a payment plan or appealing to the credit bureau to remove the default […]
Does stop payment affect your credit
It’s crucial to understand how certain decisions can effect your credit score when handling your finances. Stop payments, as the name suggests, are a type of financial word that relates to telling your bank to cancel a previously authorised cheque or payment.This article’s goal is to explain the consequences of making a stop payment and, […]
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 […]
Loan Applications Getting Banned Mind-Boggling News By Indian Government!
Remember the time when the Indian government banned several Chinese mobile applications, including TikTok and Shein? This ban was implemented in June 2020 amid concerns over data privacy and security. The government stated that these apps were “Prejudical To The Integrity & Sovereignty Of Our Country.” The ban on Chinese applications was part of a […]
The Importance of Seeking Help When You’re Unable to Pay Your Debt
Pay Your Debt Consumer debt levels have expanded in each class, however, home loan, vehicle, and Mastercard debts were the greatest driver of the general increment. People are forced to take loans, which makes them spend more than they earn. High inflation and financial stress brought on by the pandemic are increasing household debt, particularly […]
What Is Loan Restructuring & How Can It Benefit You
The procedure of loan restructuring might be initiated by extending the loan’s maturity date, with or without modifying the interest rate. The principal payable amount is spread out over an extended payback term in this technique, which relieves borrowers by lowering the EMI load. Another loan restructuring option that can assist a troubled borrower is […]
What does a recovery agent do?
What does a recovery agent do? Recently, many debt collection agencies have harassed people in order to collect on their unpaid debts. As a result, majority of people have been affected by mental illness, and some have even committed suicide due to pressure. What does a recovery agent do? A majority of people receive threatening […]
RBI have imposed strict norms on harassment for debts by recovery agents
A number of recent illegal harassment for debts practices have come to the news and are spreading like wildfire. Thus, many people are facing miserable lives by going into severe depression or by committing suicide. This matter has been deemed as a serious matter by the Reserve Bank of India (RBI). This is because people […]
Indians facing extortion and data misuse in droves by illegal loan lenders!
Indians facing extortion and data misuse in droves by illegal loan lenders! Indians are more likely to adapt things that are readily available. We understand the need for money when consumers are stuck in a huge façade of financial crisis. Instant money, or as we like to call it, ‘LOAN SHARKS,’ is a way of […]
