What are the advantages of a SECURED LOAN ?
A secured loan is a type of loan that is backed by collateral, such as a car, a house, or a savings account. This means that the lender has the right to take possession of the collateral if the borrower fails to repay the loan. Secured loans can offer several advantages over unsecured loans, which […]
How to Progressively Reduce your Credit Card Dues
Credit Card interest is very high – we have witnessed even 45% plus APR on outstanding credit card balances. We constantly received enquiries about how to reduce your credit card bill and ultimately pay off all the amount. Here are some tips. Credit card debt can be overwhelming, and it can be easy to feel […]
How one of our customers did his credit score repair successfully – read his story.
Sunil had always been a responsible borrower, but a string of unexpected expenses had put him in a difficult financial situation. His credit score had taken a hit, and he was struggling to get approved for loans and credit cards. Determined to turn things around, Sunil began researching ways to improve his credit. He read […]
How to Repair Your Credit Score – how to do CIBIL Repair, EXPERIAN Repair, CRIF Repair and Equifax Repair
Improving your credit score can seem like a daunting task, but with a little effort and some financial know-how, you can repair your credit and achieve a better score. Here are some tips for repairing your credit: 1. Check your Credit Report for Errors One of the first things you should do when trying to […]
Loan Restructuring Process
What Is Loan Restructuring? Although loans typically have a certain payback period, owing to events like the current pandemic, borrowers may find it challenging to repay their loan together with the interest rate. Instead of permitting borrowers to fall behind on their payments in such cases, financial institutions can implement measures that make repayments simpler with […]
Impact of GST on Personal Loans
Taxes are levied on all products and services purchased and sold in India. All loans, including personal loans, follow the same rules. This is so because banks and other lending organizations provide loans to borrowers as a service. The Goods and Services Tax (GST) is the country’s greatest tax reform. It was created with the […]
Importance of Employee Financial Wellness
Why Financial Well-Being Is Important Your workers’ personal and professional lives and, consequently, your business are negatively impacted by financial hardship. Some of the factors that make financial security vital are outlined here. 1. Attendance and Absence Financial stress increases absenteeism and tardiness by 34%, according to the Society for Human Resource Management. When compared […]
What are the disadvantages of PayDay Loans or Cash Advance Loans in India ? Borrowers Beware!
Payday loans, also known as cash advances, are short-term loans that are designed to help borrowers get through financial emergencies. While these loans can be helpful in certain situations, they also come with a number of disadvantages that borrowers should be aware of before applying. High Interest Rates One of the biggest disadvantages of payday […]
Loan Settlement and How it affects your Credit Score?
Settlement of a Loan is frequently confused with loan closure. But because they are two distinct concepts, they have differing effects on credit scores. The loan account will naturally terminate once the loan has been repaid if you make your monthly payments consistently and on time during the duration of the loan. The same information […]
How one borrower Muthu lost a lot by Bad pay Loan Lenders
Muthu was a hardworking man who had always been careful with his money. But when his wife fell ill and needed expensive medical treatment, he found himself in a difficult financial situation. With no savings and no other way to pay for his wife’s treatment, Muthu turned to a payday loan. The payday loan seemed […]