The Debt-to-Income (DTI) ratio is a financial metric that compares your monthly debt liabilities with your gross monthly income. Lenders often use this ratio, along with your credit score, income stability, existing liabilities, and repayment history, to assess whether you…
Dussehra celebrates the victory of good over evil. Yet the festive season is also when Indians lean most on their Credit Cards: over 42% of consumers spent ₹50,000 or more on festive purchases using credit cards, and card spends hit…
Navratri brings families together, but financial stress can make it harder to enjoy those moments. India’s household debt stood at 41.3% of GDP as of March 2025, according to the Reserve Bank of India’s Financial Stability Report, as cited by…
People dealing with debt often avoid talking about it because they feel ashamed, fear judgement, or don’t know how to explain their situation. Constant creditor calls, missed EMIs and the fear of falling further behind can make the pressure even…
You cannot go to jail simply for failing to repay your credit card debt in India. Credit card debt is generally treated as a civil liability, and banks or financial institutions usually recover unpaid dues through reminders, negotiations, debt settlement,…
Debt stress isn’t just about unpaid bills or missed EMIs; it can affect your mental well-being, relationships, work performance, and confidence long before it becomes a financial crisis. According to the Reserve Bank of India (RBI), India’s household debt reached…
If you’ve checked your CIBIL report and noticed the status “Suit Filed” against a loan or credit card account, it signals that the lender has initiated legal proceedings to recover the outstanding debt. This is one of the most serious…
Debt can quickly become overwhelming when missed EMIs, rising interest rates, credit card dues, and recovery calls begin piling up together. What starts as a temporary financial setback can soon affect your savings, mental peace, and credit score. The average…
If you’re juggling multiple EMIs, credit card bills, personal loans, and repayment due dates every month, you’re not alone. As per a Minister of State for Finance statement, more than 28 crore people in India have outstanding loans. Managing several…
