Harassment By EMI Vendors Led To Art Director’s Death
Finance officers of loan companies can sometimes contribute to severe mental stress in people through various actions and practices. It’s important to note that while some individuals in these roles may engage in questionable or unethical behavior, not all finance officers or loan companies are involved in such practices. Today we have heart-wrenching news on […]
How do bad financial habits affect your future?
Bad financial habits can have a profound and lasting impact on your future financial well-being. From excessive spending and accumulating debt to neglecting savings and failing to plan for the future, these habits can hinder your ability to achieve your financial goals and create financial stability. In this blog post, we will delve into the […]
Does stop payment affect your credit
A stop-payment instruction does not affect your credit score on its own, because banks do not report it to CIBIL. What can hurt your score is what happens next. If stopping a cheque or auto-debit leaves an EMI or credit card bill unpaid, that missed payment is reported, and repayment history is one of the […]
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 […]
Lost Your Job And Can’t Pay Your Personal Loan
Losing your job can turn a manageable monthly repayment into a serious financial concern. If you’re unable to pay your personal loan, missed EMIs, recovery calls, and the fear of default can add to the stress. But missing a payment does not automatically mean immediate legal action. The important step is to understand your 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 […]
What Is Loan Restructuring & How Can It Benefit You
The procedure of loan restructuring might be initiated by extending the loan’s maturity date, with or without modifying the interest rate. The principal payable amount is spread out over an extended payback term in this technique, which relieves borrowers by lowering the EMI load. Another loan restructuring option that can assist a troubled borrower is […]
Why do banks write off bad debt
Why do banks write off bad debt? Did you ever wonder why banks announce that they’re writing off bad debt? In many cases, banks do not prefer to write off bad debt since loans are their primary assets and source of future revenue. However, sometimes, there are loans that are toxic and cannot be repaid […]
