Why did RBI withdraw the 2000 Rupee note?
Demonetization resulted in the use of Rs 500 and Rs 1,000 notes being prohibited, currency notes of Rs 2,000 were launched in November 2016 under Section 24(1) of The RBI Act, 1934, primarily with the objective of fulfilling the currency requirement of the economy after the legal tender status of Rs 500 and Rs 1000 […]
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 […]
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 […]
How to avoid personal loan scams.
7 Tips to Help You Get Out of Debt Quickly.
If you’re someone who is unable to repay their debts and struggling to cope with their finances, there are important things that can help you to get out of debt. You may think about talking to your creditors and negotiating a solution with them. But sometimes such negotiations do not end well. In this case, […]
Ways to pay your debts to avoid legal action
The stress of being in debt can ruin your life in many ways. It may affect your mental as well as your physical health. Moreover, it is important to know that staying in debt can have a legal impact that may devastate your entire life. Therefore, it is essential to pay your debts to avoid […]
What happens to a person who is unable to pay his debts?
Money problems often lead to many people losing their finances for various reasons. While few people are prepared for unexpected hardships, others fail to cope with them. Having to deal with financial crisis can add more stress to your life. It can be more devastating to deal with repaying your debts and ultimately falling into […]
What Can Debt Counselling Offer Me?
CLICK HERE TO CONNECT WITH US ON WHATSAPP AND KNOW MORE ABOUT OUR SERVICES. What debt counselling can offer me? People suffering from major debt crises can gain financial literacy and freedom through debt counselling. Let us understand what debt counselling is and what it offers. What is Debt Counselling? Debt counselling is a financial […]
Are Bank Recovery Agents Crossing the Line? Here is How to Stop Harassment from Recovery Agents
CLICK HERE TO CONNECT WITH US ON WHATSAPP AND KNOW MORE ABOUT OUR SERVICES. In India, consumer rights have been disregarded for a long time, especially when collecting outstanding dues like bank loans and credit cards. There are numerous cases of oppressive and illegal conduct by recovery agents attempting to collect pending or missed dues […]
The 900-Credit Score: What it Means and How to Get One
CLICK HERE TO CONNECT WITH US ON WHATSAPP AND KNOW MORE ABOUT OUR SERVICES. Your credit score is the most important factor affecting your future purchases. This three-digit number indicated your creditworthiness or the likelihood that you’ll repay money you borrow. It is generally considered that a credit score in India ranges from 300 to […]
