Are Personal Loans Right Choices For Bad Credit Debt Borrowers
Did you know? In 2021, half the Indians faced challenges in getting personal loans due to bad credit scores. As per Bajaj Finance, about 30% of India’s total population had a credit score below 700. People with terrible credit frequently need help to obtain personal loans, as lenders typically reject loan applications based on poor […]
What can a Debt Collector legally do in India?
When you’re struggling with overdue EMIs or credit card dues, a recovery call can leave you wondering: What can a debt collector legally do, and what are my rights as a borrower? Understanding these rules can help you respond confidently and recognise when a recovery practice may cross the line. Debt collection in India is […]
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 […]
Navigating Rough Waters: A Guide to Tackling Tough Debts
In the ebb and flow of life, financial challenges can sometimes leave us grappling with tough financial stress. Debt can negatively affect our ability to manage our finances. Whether it takes the form of education loans, credit card debt, or unexpected medical expenses. We’ll examine the intricacies of debt, how we frequently accumulate it, and […]
5 Ways To Try And Reduce Your Debts And Outgoings
Managing debts and outgoings is a crucial aspect of maintaining financial stability and building a secure future. Whether you’re dealing with loans, credit card debt, or everyday expenses, implementing effective strategies can make a significant difference. Here are five practical ways to reduce your debts and outgoings. Why Should I Reduce My Outgoings In Terms […]
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? […]
7 Ways to Deal With Debt Stress and Protect Your Mental Health
Do you always feel like you’re under financial strain and drowning in debt? Your entire well-being may suffer as a result of the stress that comes with debt since it can negatively impact your mental health. Regaining control over your life requires addressing this financial stress on both an emotional and financial level. We’ll look […]
Does Freezing Your Credit Report Stop Soft Credit Inquiries
If you are wondering whether a Credit Report Freeze can stop soft credit inquiries, you may be concerned about unfamiliar activity appearing on your CIBIL Report or someone accessing your credit information without your knowledge. Understanding how credit enquiries work can help you distinguish between a routine credit check and an enquiry that needs investigation. […]
How long does it take to get a credit score from 500 to 700
A low CIBIL score can make it harder to access credit on favourable terms, but it doesn’t have to stay that way. According to TransUnion CIBIL, CIBIL Scores range from 300 to 900, and a score above 700 is generally considered good by lenders. If you’re wondering how to increase your CIBIL score from 500 […]
