What legal action can a bank take against a credit card default in India?
Carrying a credit card requires systematic use. Like any other credit card companies, they don’t offer errors. Eventually when you miss card payments, you’ll be hit by heavy interest charges and late fees. The consequences may even get more serious and end up taking you into credit card default. Let’s take a closer look at […]
What happens to a person who is unable to pay his debts?
Money problems often lead to many people losing their finances for various reasons. While few people are prepared for unexpected hardships, others fail to cope with them. Having to deal with financial crisis can add more stress to your life. It can be more devastating to deal with repaying your debts and ultimately falling into […]
What Can Debt Counselling Offer Me?
What debt counselling can offer me? People suffering from major debt crises can gain financial literacy and freedom through debt counselling. Let us understand what debt counselling is and what it offers. What is Debt Counselling? Debt counselling is a financial service offered and designed to educate the people. People will learn and understand how […]
Which Debt Solution is Suitable for You in COVID19?
Which Debt Solution is suitable for you in COVID19? When the whole world faced the COVID-19 pandemic, many people lost their jobs, businesses were shut down and income was heavily impacted. In order to meet the cost of regular needs, many people borrowed money, taking personal loans from banks, family and friends. COVID-19 not only […]
Easy Ways to Make Monthly Payments
Easy Ways to Make Monthly payments Spending on your credit card is easy but paying back your credit card bills can take some discipline for some people. It sometimes takes some planning to make your payments on time. In order to stay away from missing payments which can turn into debt, we have given you […]
3 Warning Signs of Having Too Much Debt
If you don’t know how much debt is too much, and you’re worried that you’re heading into the deep end, then you’re not alone. The majority of people in India are struggling from being in too much debt. One main problem is people not knowing the available solutions to this issue and end up borrowing […]
5 Principles for Debt Management
Managing multiple EMIs, credit card dues or outstanding debts can quickly become stressful, especially when repayments start taking up a large part of your monthly income. The Reserve Bank of India (RBI) has reported significant growth in personal loans in recent years, highlighting how increasingly common unsecured borrowing has become among Indian households. As borrowing […]
3 Benefits for Debt Settlement – Single Debt
3 benefits for debt settlement For anyone who is servicing multiple debts, they can face many difficulties. With multiple monthly payments, it can be challenging to balance the budget and the outstanding loan balances. And if it turns out wrong or your recovery agent starts harassing you for the repayment of the outstanding amounts, your […]
What’s the Difference Between Debt Consolidation and Debt Settlement?
What’s the Difference Between Debt Consolidation and Debt Settlement? Debt consolidation and debt settlement are both financial components for improving debt load. These components work quite differently and are used to resolve many debt-related issues. Debt consolidation and debt settlement are both forms of debt relief that may help you manage your debt, but they […]
5 Main Components of Financial Literacy
Five main components of financial literacy Financial literacy is the capacity to understand and execute certain financial skills that can improve your money management. Growing a strong foundation of financial literacy can make it easier for people to achieve their financial motive and avoid major pitfalls that can harm their financial wellness. Hence, we have […]
