How to Stop Falling into the Debt Trap Each Month
Do you find it challenging to make your salary last through the month? You’re not alone! Many people in India struggle to break free from this pattern, constantly relying on credit cards, easy loan apps, or Buy Now Pay Later (BNPL) schemes to cover their expenses. The reality is, without a solid financial strategy, the […]
Festive Budgeting: How to Enjoy a Stress-Free Festive Season for a Debt-Free Future
The festive season in India is a time of joy, celebration, and togetherness. However, it can also lead to financial stress if not managed wisely. Many individuals find themselves relying on credit cards or loan apps to fund their festive expenditures, only to face the repercussions of debt traps in the months that follow. To […]
This Independence Day, Take Steps Toward Financial Freedom
As we celebrate the 77th anniversary of our nation’s independence, it’s time to reflect on the true meaning of freedom. While we rejoice in the liberties we enjoy as citizens, it’s equally important to strive for financial freedom. In today’s fast-paced world, marked by global economic uncertainty and a looming financial crisis, it’s more crucial […]
India’s Debt Dilemma: Credit fueled dreams crushed by debt crisis.
Did You Know: “India’s personal & MSME debt is a growing concern: ₹30 trillion in personal debt and a staggering ₹70 trillion in MSME debt”. India’s economic engine thrives on a delicate balance. On one hand, access to credit and loans (debt) fuels the ambitions of millions. It empowers individuals to improve their quality of life, […]
Debt Consolidation- Is It An End All Solution to All Your Debt Woes?
Debt Consolidation is often touted a one-stop solution to all your debt woes. Education loan, personal loan, and student loans, you may be labouring under the burden of all these different loans. It is sometimes very difficult to track and make the different loan repayments and principal payments along with juggling your work responsibilities. Debt […]
Why Women Should Know About Their Family’s Finances – Mother’s Day Special 2024
India, like many societies, has historically had a patriarchal structure where financial decision-making and planning often rested with male family members. This dynamic has often left women, especially older women, in a dependent position, relying on their spouses or sons for financial planning and support. In traditional Indian families, it’s not uncommon for women to have limited involvement in financial matters, with […]
Struggling with Business Debt? See How CIDA Negotiated 72% Savings & Legal Relief
The outstanding amounts of the loans as of December 2023. Which is roughly 1.83 Crores and the whole debt was settled for 50.65 Lac with an Average Settlement Amount of 5.06 Lacs and an average discount of 72.39%. × Introduction In the fast-paced world of performance marketing, financial stability can sometimes be as volatile as […]
Are Personal Loans Right Choices For Bad Credit Debt Borrowers
Did you know? In 2021, half the Indians faced challenges in getting personal loans due to bad credit scores. As per Bajaj Finance, about 30% of India’s total population had a credit score below 700. People with terrible credit frequently need help to obtain personal loans, as lenders typically reject loan applications based on poor […]
What can a Debt Collector legally do in India?
In the complex world of financial transactions, debts often weave their way into the lives of individuals. When financial obligations go unmet, debt collectors step onto the stage. However, it is crucial to recognize that the debt collection process is not a blank canvas for collectors to employ any means necessary. In India, like in […]
What is bad debt, and how do you deal with it?
Bad debt is unpaid money owed by customers to businesses that extend credit to them. This can cause harm to company finances. To prepare for such a loss, companies can allocate funds. They can maintain smooth operations and mitigate the impact of financial losses this way. The term refers to loans or outstanding balances that […]
