Dealing with Rude and Aggressive Debt Collectors: Know Your Rights and Solutions
A staggering 68% increase in customer complaints related to debt collection was reported in the last year alone, highlighting the growing challenges consumers face. When faced with financial difficulties, many individuals encounter the distressing reality of dealing with aggressive debt collectors. Understanding your rights and knowing how to respond can make all the difference in […]
What to Know When Your Creditor Sells Your Debt to a Collection Agency
Did you know that the debt collection market in India is a staggering ₹40,000 crore industry, growing at an impressive 18% annually? With over 35% of households in India facing some form of indebtedness, understanding the implications of debt being sold to collection agencies has never been more crucial. As the landscape of credit evolves, […]
6 Crucial Debt Management Tips to Learn in 2024
In today’s world, millennials are driven by aspirational spending. The GDP growth, the post-pandemic economic boom has all spearheaded a massive retail debt escalation in the economy. Credit card debt at the end of 2023 was around Rs 2.1 lakh crores in the Indian economy. By 2027, the number of BNPL users in India is […]
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 […]
How To Deal With Harassment By Loan Recovery Agents
Loans play a crucial role in financial management by providing individuals and businesses with the necessary funds to achieve their goals. Whether it’s purchasing a home, starting a business, or expanding operations, loans offer a way to access large sums of money that might not be readily available. By borrowing from financial institutions, you can […]
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, […]
Indian Debt Management: A Path to Financial Well-Being
Are you a small business owner worrying about debt holding back the growth of your business? In a growing economy like India, small businesses are the lifeblood of the economy, driving innovation, employment, and growth. Total MSME debt in India rose to Rs 24.42 lakh crores in February 2024 according to RBI statistics. Yet, amidst […]
In A debt Trap? Know Your Rights As A Borrower
Running a small business can be tough, especially when debt starts piling up and it feels like there’s no way out. It’s important to know that many business owners face this challenge and that there are rights and options available to help manage and overcome debt. Understanding your rights and knowing what steps you can […]
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 […]
