What Is The Best Way To Refinance/Consolidate Credit Card Debt?
A lower annual percentage rate on the new debt than on your credit cards is perfect for debt consolidation. This can lower interest expenses, make your payments easier to manage or reduce the time until repayment. How much debt you have, your credit score and other factors will determine the optimal consolidation strategy. If you […]
Home Loan or Personal Loan? Which One is Right for You?
Loans can help you make purchases, bridge a short-term cash flow gap, or build a long-term asset such as a home. Most financial institutions, including banks, non-banking finance companies (NBFCs), and housing finance companies (HFCs), offer a variety of loans to meet the needs of their customers. Customers can choose between home loan or personal […]
How Can the Snowball Method Help You Pay Off Debt Faster?
Although trying to pay off debt can feel overwhelming, there are methods that can be useful. There are typically two ways you can use to help reduce your debt; each has advantages and disadvantages. Because every person’s debt situation is unique, there is no right or wrong answer when it comes to the best technique. […]
How to remove a suit filed in CIBIL when a loan is closed
Being served with legal papers can be frightening and confusing. Choosing the court where the lawsuit will be heard must be one of your first priorities. You must take measures to get the litigation deleted from CIBIL’s records if it has been filed there. This blog post will cover how to defend your credit score […]
What is a CIBIL score? And how it affects your ability to take out loans
Consumers now rely on credit cards and loans to help them reach their aspirations and financial objectives. One of the most important criteria and measurements for obtaining this desperately required credit access is the CIBIL Score. What Is CIBIL? This is a question we all have in our heads when we run around for loans. […]
What happens when RBI hikes the Repo Rate?
There was trouble in the air recently, as RBI hikes the repo rate. This led to causing problems for various sectors. Repo rate in India is the basically the rate at which the Reserve Bank of India (RBI) lends money to the commercial banks in the company. As of September 2021, the repo rate was […]
Reasons Why You Have A Low CIBIL Score?
Taking a loan or issuing for a credit card can be an issue for you if you have a comparatively low CIBIL score. To know about how to have a good CIBIL Score, firstly we need to know what is a CIBIL Score. What is a CIBIL Score? The full form of CIBIL is basically […]
What happens when a loan becomes a Non-Performing Asset?
If your EMIs have been overdue for several weeks, you may be wondering, “When does a loan become an NPA?” For most term loans, an account is generally classified as a Non-Performing Asset (NPA) when interest or principal remains overdue for more than 90 days, subject to the applicable RBI norms and loan category. The […]
Personal Loan Settlement: What It Is, How It Works, and When You Should Consider It
When a personal loan becomes difficult to repay because of job loss, reduced income, medical expenses, or business losses, Personal Loan Settlement may appear to be a way out. But settlement is not simply a discount on your loan, nor is it the first option every borrower should consider. The key question is whether you […]
What happens when you don’t pay student loans?
Missing student loan or education loan repayments can affect your credit history, increase outstanding dues and eventually lead to recovery action. The Reserve Bank of India (RBI) reported that bank credit to the personal loans segment grew by 14.0% year-on-year as of March 21, 2025, showing the continued growth of personal borrowing in India. For […]
