Receiving repeated calls, messages or visits from a bank recovery agent can become stressful, especially when you’re already dealing with financial pressure. However, recovery agents cannot use intimidation, harassment or public humiliation to recover overdue dues. RBI guidelines require regulated…
In India, consumer rights have been disregarded for a long time, especially when collecting outstanding dues like bank loans and credit cards. There are numerous cases of oppressive and illegal conduct by recovery agents attempting to collect pending or missed…
Your credit score is the most important factor affecting your future purchases. This three-digit number indicated your creditworthiness or the likelihood that you’ll repay money you borrow. It is generally considered that a credit score in India ranges from 300…
Debt settlement in India is simply defined as an agreement made with creditors to accept less than the amount you owe. It means that creditors will stop harassing you for the money if you settle down your amount. For many…
Have you ever wondered how lenders decide if you qualify for credit? Well, each person has a credit file which carries a score that decides importance Have you ever wondered how lenders decide if you qualify for credit? Well, each…
Which Debt Solution is suitable for you in COVID19? When the whole world faced the COVID-19 pandemic, many people lost their jobs, businesses were shut down and income was heavily impacted. In order to meet the cost of regular needs,…
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…
Easy Ways to Make Monthly payments Spending on your credit card is easy but paying back your credit card bills can take some discipline for some people. It sometimes takes some planning to make your payments on time. In order…
Managing multiple EMIs, credit card dues or outstanding debts can quickly become stressful, especially when repayments start taking up a large part of your monthly income. The Reserve Bank of India (RBI) has reported significant growth in personal loans in…
