Debt can be defined as the amount of money that one party borrows from another party. It is used by large firms and individuals as a procedure of making big purchases which they couldn’t have afforded under normal situations. The most common forms of debt are home loans/mortgage, bonds, car loans, bonds, credit card debts, […]
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When you borrow money be it from a bank or apply for a credit card, the intent is to pay for an expense using the credit borrowed at the current point in time & actually paying it back at a later date. But, at times it can get confusing to understand what should be paid […]
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A Salary slip or Payslip is an important document given to the employee by the organization they are working in to provide with a detailed salary structure format. It is an essential document required to avail of various benefits such as tax deductions. Moreover, it helps you get an idea of the overall break down […]
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With e-commerce players ramping up the Indian investment in this industry’s infrastructure, the market is set for a swift boost. While the country’s economic growth proves to be resilient in spite of an economic slowdown across the globe, its revised e-commerce regulations have made it a convenient ground for payment cards. Buoyed by increased smartphone […]
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The term CIBIL score, also referred to as Credit score is a numerical representation of your credit-worthiness. CIBIL, which stands for TransUnion CIBIL Limited is an Indian company that has access to your credit information. A CIBIL score is a three-digit number which ranges from 300-900, 900 being the highest. These scores are calculated by […]
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As per RBI’s report, in the financial year 2017-2018, around Rs.1373 lakh crore was digitally transacted. The strong figure suggests that more individuals are now inclined towards digital transactions and are opting for a contactless credit card. To elaborate, such credit cards use contactless technology called Near Field Communication or NFC and is deemed to […]
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All your documents were submitted well in time, yet your credit card application was declined? Don’t feel low. You still have a chance to get the next one approved. While most of the banks may deny an explanation as to why they declined your application, but few reasons are obvious. These could be a low […]
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Indian farmers often have to face difficulties while arranging short-term finances in the planting and harvesting seasons and to cope up with other agricultural requirements. They have to depend solely on the unorganised sector and face exorbitant interest rates. Realising the potential and need for such short-term funds, the RBI launched the Kisan Credit Card […]
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Credit cards are an ideal, quick, and easy way to increase your credit score. Financial institutions also have secured credit cards sanctioned against a fixed deposit, specifically to help you improve your CIBIL score. Using a credit card responsibly can have a positive impact on your CIBIL rating. To do that, you have to keep […]
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Most people who claim to be financial experts will always tell you to stay away from credit cards. They will tell you that it is the first step in the debt spiral. And this may have a smidgen of truth. But only if you don’t use it wisely. When used well, a credit card is […]
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