Debt Free Living: Choosing the Best Method to Pay Off Debt
You may be a borrower with exposure to many types of debts resulting in multiple outstanding balances. Remember that all debt carries interest charges on them. Paying off multiple debts requires hard work that can be overwhelming. It depends on the balance between your debt and income. Paying off debt requires careful budgeting and planning […]
Is Your Salary Draining Away in EMIs? 4 Effective Ways to Break the Debt Cycle
Are Your EMIs Controlling Your Finances? Do you find yourself waiting eagerly for payday, only to see most of your salary vanish into EMIs within days? If so, you’re not alone in this struggle many face the same challenge and it starts with taking back control of your finances. Millions of salaried individuals in India […]
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 […]
5 Ways to Protect Yourself from Financial Fraud
Apart from traditional fraud mechanisms, there has been an unprecedented increase in the number of online and cyber frauds in India recently. The digital transformation has spurred on criminal activities done through computers and networks. Cybercrimes have taken away 0.7% of India’s GDP. Cybercrimes range from phishing attacks, identity thefts to online thefts, posing serious […]
Financial Freedom, The Best Father’s Day Gift : Helping Dad say Goodbye to Loans.
Fathers play a crucial role in shaping our financial futures from youth to old age. They often serve as providers, imparting valuable lessons on financial responsibility and planning. Their efforts lay the foundation for our financial freedom, ensuring we have opportunities for education, growth, and security. As they age, it becomes our turn to support […]
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 […]
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 […]
What Debt Do You Pay Off First?
Has the mountain of financial stress become really overwhelming for you? Are you trying really hard to get out of all the stress but cannot find a way out? Large vs small credit dues causing trouble? Which to pay first? Well, there are certainly many questions you may have or come across that are still […]
Difference Between Loan Written-Off and Loan Waive-Off
Loan Written-Off and Loan Waive-Off are distinct financial terminologies that pertain to debt management and have significant implications for both lenders and borrowers. These processes involve forgiving or canceling a portion or the entirety of a debt owed by the borrower to the lender. However, despite appearing similar on the surface, these terms encompass different […]
Managing Your Debt with the Debt Avalanche Method
Debt is a common aspect of modern life, affecting millions of people worldwide. One effective strategy to tackle your debts is the Debt Avalanche Method. In this blog, we will explore more on this method helping you understand its concept and how it can help you regain financial control. What Is The Method All About? […]
