How to Deal with an Untaken Loan Showing on Your CIBIL Report
Finding a debt you never took on your CIBIL Report can be alarming, especially when you are unsure whether it is a reporting error, a duplicate account or possible identity misuse. Knowing how to challenge an unknown debt can help you protect your credit history and take the right action before the issue causes further […]
How to Raise Your CIBIL Dispute and Improve Your Score
A CIBIL dispute refers to the process of raising a formal complaint or disagreement with the Credit Information Bureau India Limited (CIBIL) regarding any inaccuracies or discrepancies found in an individual’s credit report. What Is CIBIL Dispute All About? A credit report is a comprehensive record of an individual’s credit history, including details of their […]
How to Remove Name from CIBIL Defaulters List?
If you’re searching for how to remove your name from the CIBIL Defaulters List, there’s an important fact to know: CIBIL does not maintain a public list of defaulters. Instead, your repayment history and credit account information are recorded in your CIBIL report. Accurate negative information cannot simply be removed, but incorrect information can be […]
How Can Smart Money Management Help You Achieve Your Financial Goals
Achieving the vision-aimed financial goals seems like a drift these days. Whether it’s saving for retirement, purchasing a dream home, or starting a business, smart money management is the key to turning aspirations into reality. Today’s blog is emphasized how great financial practice can take you a long way to success in terms of financial […]
Government Has Brought Credit Card Spend Under LRS Ambit
The Central Government has changed the Foreign Exchange Management Act guidelines to include credit card spending outside of India under the Liberalised Remittance Scheme (LRS). As a result, from July 1, such credit card transactions will be subject to a 20% tax collected at source (TCS). The amendment was implemented this week by the Central […]
What Is Financial Wellness, and Why Is It Important?
The basics of Financial wellness guide to the state of a person’s overall financial health. It goes beyond the concept of just having money and focuses on achieving a sense of financial stability, security, and peace of mind. It encompasses different values of personal finance that include saving, budgeting, debt management, investment, and proper planning […]
Why did RBI withdraw the 2000 Rupee note?
Demonetization resulted in the use of Rs 500 and Rs 1,000 notes being prohibited, currency notes of Rs 2,000 were launched in November 2016 under Section 24(1) of The RBI Act, 1934, primarily with the objective of fulfilling the currency requirement of the economy after the legal tender status of Rs 500 and Rs 1000 […]
The Importance of Seeking Help When You’re Unable to Pay Your Debt
Pay Your Debt Consumer debt levels have expanded in each class, however, home loan, vehicle, and Mastercard debts were the greatest driver of the general increment. People are forced to take loans, which makes them spend more than they earn. High inflation and financial stress brought on by the pandemic are increasing household debt, particularly […]
How to avoid personal loan scams.
Personal Loan Scam : How To Avoid The market is experiencing an increase in demand, which drives up supply. In this case, the financial sector is no exception. The industry is expanding with an influx of players, but corollary issues have been cropping up with increasing frequency. Loan scams are an alarming trend in which […]
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 […]
