3 Benefits for Debt Settlement – Single Debt
3 benefits for debt settlement For anyone who is servicing multiple debts, they can face many difficulties. With multiple monthly payments, it can be challenging to balance the budget and the outstanding loan balances. And if it turns out wrong or your recovery agent starts harassing you for the repayment of the outstanding amounts, your […]
What’s the Difference Between Debt Consolidation and Debt Settlement?
What’s the Difference Between Debt Consolidation and Debt Settlement? Debt consolidation and debt settlement are both financial components for improving debt load. These components work quite differently and are used to resolve many debt-related issues. Debt consolidation and debt settlement are both forms of debt relief that may help you manage your debt, but they […]
5 Main Components of Financial Literacy
Five main components of financial literacy Financial literacy is the capacity to understand and execute certain financial skills that can improve your money management. Growing a strong foundation of financial literacy can make it easier for people to achieve their financial motive and avoid major pitfalls that can harm their financial wellness. Hence, we have […]
Understanding the Term ‘Finance’
Understanding the Term ‘Finance’ Finance is a wide concept that defines activities associated with banking, leverage or debt, credit, capital markets, money, and investments. In other words, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that […]
Financial Literacy
Financial literacy is one of the most significant subjects for many nations. It is taboo for developing nations like India, where the majority of the people are not aware of finance and its benefits. Many consumers have a common understanding of holding credit cards, banking, money transfer, etc. Such financial stability may sometimes even expose […]
Importance of Financial Literacy in India
Importance of Financial Literacy in India Financial literacy in India is still taboo for many of them, especially in regional sectors. Financial literacy refers to the skills and knowledge about finance that are used to make an informative decision while maintaining income and resources. Financial literacy allows a person to make a robust and viable […]
What is Financial Literacy?
What is Financial Literacy Financial Literacy, is the rationalizing of financial components such as budgeting, investing, borrowing, taxation, and personal financial management. The absence of such components or skills is referred to as being financially illiterate. Many nations especially developing countries like India, lack financial literacy. Let’s us all understand the components of Financial Literacy. […]
The Meaning and Implications of Your CIBIL Score
The Meaning and Implications of Your CIBIL Score A person may encounter people talking about CIBIL score quite often these days, especially when he or she tries to avail any type of credit from financial institutions. In such scenarios, it becomes very important to be aware of this very crucial terminology which reflects one’s credit […]
What Should You Do If You’re in Debt in India?
What should you do if you’re in debt in India? Being in debt in India has now become more and more stressful, What should you do if you’re in debt in India With high profile debtors and fraudsters like Nirav Modi, Vikram Kothari and our favourite Vijay Mallaya has made life for the ordinary debtor […]
7 Steps to Avoiding Falling into a Debt Trap
Debt is One Party’s Liability, and Another Party’s Asset During the period of our ancestors, paying off debts was practiced traditionally. Debt for them was equivalent to society’s judgments. The easiest way for them to recover all their debts was to use their savings. They used to save their income first and make suitable provisions […]
