How Buy Now Pay Later (BNPL) Affects Your CIBIL Score
Did you know that trendy “Buy Now Pay Later” (BNPL) options on quick commerce apps and websites could quietly damage your credit score if you’re not careful? As highlighted by Business Today, young Indian consumers are increasingly falling into BNPL traps, unaware that missed or late payments are reported to credit bureaus like CIBIL, affecting […]
High Interest Rates: How to Tackle Credit Card Debt in 2026
Credit card debt is becoming an attractive proposition for most millennials as they come with attractive offers like rewards systems and life-long free membership offers. Each credit card company is competing with the others to offer more and more attractive rewards. The year-end sales by e-commerce platforms, the one month credit that comes with paying […]
New Year, New Financial Habits: How to Avoid Debt in 2026
As 2026 is almost upon us, it heralds a promise of a new life with financial discipline and prudent savings habits. This year for 2026, rather than the evergreen weight loss resolution, make a promise to avoid debt traps, excessive overspending and cutting down wasteful expenditure while laying the foundation stones for a strong financial […]
How To Lower My Debt And Increase My Savings?
You may be plagued by student loans, credit cards and personal loans. How to get out of this burden of debt. Working to pay off debt while drumming up sufficient savings for the future may pose a challenge. You may have several competing priorities, but make sure that you make minimum payments on your outstanding […]
How to get 800 credit score in 45 days
You may be suffering from a poor credit score of 500 or below. In such a case it is paramount that you improve your credit score to 800 or above. There are manifold benefits accruing from improving your credit score from lower interest rates, higher limits, unlocking the potential for new loans and higher credit […]
Remedies Against Harassment by Recovery Agents
Debt harassment by loan recovery agents in India has become a growing concern in recent years. You often face aggressive and unethical tactics from 3rd party recovery agents, including persistent phone calls, threats, and even physical intimidation. This behavior not only violates personal privacy but also causes significant emotional and psychological distress to individuals struggling […]
8 Questions to Answer Before You Pay a Debt Collection Agency
When faced with the prospect of dealing with debt collection agencies, many individuals in India feel overwhelmed and anxious. Recent statistics show that approximately 90 million Indians are currently dealing with some form of debt, which significantly impacts their financial stability. Before you decide to pay a debt collection agency, it’s crucial to ask the […]
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 […]
