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 […]
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 […]
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 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 […]
Understanding the Term ‘Finance’
Understanding the Term ‘Finance’ Finance is a wide concept that defines activities associated with banking, leverage or debt, credit, capital markets, money, and investments. In other words, finance represents money management and the process of acquiring needed funds. Finance also encompasses the oversight, creation, and study of money, banking, credit, investments, assets, and liabilities that […]
Financial Literacy
Financial literacy is one of the most significant subjects for many nations. It is taboo for developing nations like India, where the majority of the people are not aware of finance and its benefits. Many consumers have a common understanding of holding credit cards, banking, money transfer, etc. Such financial stability may sometimes even expose […]
The Meaning and Implications of Your CIBIL Score
The Meaning and Implications of Your CIBIL Score A person may encounter people talking about CIBIL score quite often these days, especially when he or she tries to avail any type of credit from financial institutions. In such scenarios, it becomes very important to be aware of this very crucial terminology which reflects one’s credit […]
What Should You Do If You’re in Debt in India?
What should you do if you’re in debt in India? Being in debt in India has now become more and more stressful, What should you do if you’re in debt in India With high profile debtors and fraudsters like Nirav Modi, Vikram Kothari and our favourite Vijay Mallaya has made life for the ordinary debtor […]
The Affects of Debt to an Employee
The Affects of Debt to an Employee Management and Corporate Leaders always want to perform their companies at their optimal levels. One of the primary ways of doing this is by ensuring that their employees work in stress free environments at their workplace, however sometimes despite company’s best intentions employees’ personal problems start to affect […]
