Behind the Scenes: How Debt Settlement Companies in India Works and the Risk You Face
Debt settlement in India is simply defined as an agreement made with creditors to accept less than the amount you owe. It means that creditors will stop harassing you for the money if you settle down your amount. For many people, debt settlement may seem like the most viable solution to be debt-free. But little […]
What Is a Zero Balance Account (ZBA)?
A zero-balance account (ZBA) is pretty much exactly what it sounds like: a checking account in which a balance of zero is maintained. When funds are needed in the ZBA, the exact amount of money required is automatically transferred from a central or master account. Similarly, deposits are swept into the master account daily. Corporations […]
Recurring Deposits
The Reserve Bank of India, has over the years introduced various schemes to educate the public on how to save money. One of the key directives issued by RBI was the introduction of term deposits and the interest applied on such schemes. As per clause 2(iv) of RBI Master Circular dated 16th March 2004, Term […]
Importance of Credit Score
Have you ever wondered how lenders decide if you qualify for credit? Well, each person has a credit file which carries a score that decides importance Have you ever wondered how lenders decide if you qualify for credit? Well, each person has a credit file which carries a score that decides importance of credit score […]
The Meaning and Implications of Your CIBIL Score
The Meaning and Implications of Your CIBIL Score A person may encounter people talking about CIBIL score quite often these days, especially when he or she tries to avail any type of credit from financial institutions. In such scenarios, it becomes very important to be aware of this very crucial terminology which reflects one’s credit […]
What Should You Do If You’re in Debt in India?
What should you do if you’re in debt in India? Being in debt in India has now become more and more stressful, What should you do if you’re in debt in India With high profile debtors and fraudsters like Nirav Modi, Vikram Kothari and our favourite Vijay Mallaya has made life for the ordinary debtor […]
Coping with Financial Stress
Coping with Financial Stress Millions of people around the globe were affected by the financial crises and stress caused by COVID19 and the subsequent lockdowns. The global economy was adversely affected where many jobs were lost, and many businesses were on the edge of shutting down. The crisis had made people vulnerable, not only were […]
Home Loan
Home Loan Every person dream of having their own home at some point in their lives. Owning a home gives a person a sense of safety and stability, especially in a country like India where a person’s worth or social standing is sometimes also being judged by them owning a house. Dual income of both […]
Creditors Harassment Laws
Let’s Sneak Into The Creditors Harassment Laws In 2020! “Let’s focus on the does’ to keep in mind while facing a loan recovery agent and stressing on the Creditors harassment laws in 2020″. Imagine the worst hasn’t happened yet, its 2020 you never know what toll this disastrous year could take, the country’s economy has […]
Cheque bounce impacts your CIBIL score at large
“Cheque bounce impacts your CIBIL score at large” Maintaining a clean streak in your financial track is very important and proves to be excellent for your CIBIL score. But normally, people are unaware of the fact that how important the concept of CIBIL score is, and the way it affects your financial bubble. We all […]
