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 […]
7 Tips to Help You Get Out of Debt Quickly.
If you’re someone who is unable to repay their debts and struggling to cope with their finances, there are important things that can help you to get out of debt. You may think about talking to your creditors and negotiating a solution with them. But sometimes such negotiations do not end well. In this case, […]
Ways to pay your debts to avoid legal action
The stress of being in debt can ruin your life in many ways. It may affect your mental as well as your physical health. Moreover, it is important to know that staying in debt can have a legal impact that may devastate your entire life. Therefore, it is essential to pay your debts to avoid […]
What happens to a person who is unable to pay his debts?
If you are unable to pay your debts, you will not go to jail for that alone. In India, non-payment is mainly a civil matter. What usually follows is a sequence: penal charges, a reported default that lowers your CIBIL score, recovery calls and, if dues stay unpaid, legal notices or civil recovery action. Debt […]
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 […]
Are Bank Recovery Agents Crossing the Line? Here is How to Stop Harassment from Recovery Agents
Receiving repeated calls, messages or visits from a bank recovery agent can become stressful, especially when you’re already dealing with financial pressure. However, recovery agents cannot use intimidation, harassment or public humiliation to recover overdue dues. RBI guidelines require regulated entities and their recovery agents to follow fair and responsible recovery practices while respecting borrowers’ […]
The 900-Credit Score: What it Means and How to Get One
Your credit score is the most important factor affecting your future purchases. This three-digit number indicated your creditworthiness or the likelihood that you’ll repay money you borrow. It is generally considered that a credit score in India ranges from 300 to 900, with 900 being the highest and 300 the lowest, which is considered poor. […]
Money Management Basics: Top Tips for How to Manage Your Money
From paying off debt to maintaining savings for the purpose of emergency savings in the bank, your financial fate hinges on key management basics. It is important to get familiar with the fundamentals of how to manage money from the base of ground to achieve your financial goals. Once you successfully manage your money, it […]
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 […]
How Much Credit Card Debt is Too Much?
How Much Credit Card Debt is Too Much? Are you relying more on your credit cards than you should be? How do you know if you are relying on too much credit? The answers vary from person to person and their financial situation. However, there are a few general tips that everyone should follow to […]
