Credit cards are often seen as convenient financial tools for spending. However, they can also help you save money if used wisely. Here are some tips to maximize the benefits of credit cards. Choose the right card The first step in making the most of a credit card is selecting the right one. With numerous … Read more
If you happen to face a financial emergency or have a sudden need for money then you can explore the prospect of raising a personal loan from a financial institution. The financial institution could be a bank or a non-banking financial institution (NBFC). A personal loan is an unsecured loan that the borrower can raise … Read more
Credit cards are one of the most important tools for managing finances. If you are a beginner who has just started earning, you should get your first credit card soon. Credit card is a great tool for managing cash flows, and earning rewards on day-to-day expenses. Before I recommend some cards for you as a … Read more
Credit cards are quite useful in managing your financial requirements. For individuals with a stable but fixed income, especially the salaried, credit cards are a handy tool as it allows you to meet expenses without spending your earnings immediately. The credit free period of 18-55 days offered by most issuers, which come with multiple reward … Read more
Funding is one of the biggest requirements for most businesses to survive or sustain. Funding can come from equity, debt, or other sources. Many organisations rely on business loans for their various needs. Lenders consider several parameters to decide whether the business is eligible for a loan and what should be the interest rate charged. … Read more
Can banks charge you a joining fee even before your credit card is activated? They cannot as the credit card account will not be created unless the card is activated. With complaints about banks charging a joining fee even before the card is activated, unsolicited cards being issued and the undue delay in closing the … Read more
Possessing a credit card is not only uncommon but somewhat close to financial necessity in current times. However, before you procure a credit card, be mindful of a number of thumb rules; for instance, the unpaid dues accrue a very high rate of interest — sometimes as high as 3-4 per cent per month or … Read more
The Reserve Bank of India (RBI) recently instructed banks and credit information companies (CICs) to update the credit information they collect at shorter intervals, i.e. once a fortnight rather than once a month. The instructions were issued on Thursday via a notification after the monetary policy statement by RBI Governor Shaktikanta Das. The central bank … Read more
Credit card debt presents a dual challenge for both consumers and the economy, particularly during adverse economic conditions. High payments towards credit card debt reduce disposable income, leaving fewer funds for necessary expenses and discretionary spending. Consequently, this can dampen overall consumption and hinder economic growth. The ensuing financial stress can weigh heavily. Debt often … Read more
The devil as the saying goes, lies in the details. And with your credit scores this very much holds true. Three numbers, i.e. your credit score will reflect on how they view your approach towards money and how far your discipline towards money goes. And these three numerals make a world of difference whether you … Read more