If your are hassled with too many EMIs, bring them all under one umbrella and pay a single amount
In an online chat with readers January 24, Rajeev Mahajan of Antworks answered queries on personal loans and peer to peer lending.
Stop indulging in these before it derails your financial future
'If the new rate is lower than your current rate, ask your bank to shift you to it.' 'This can be done by paying a fee of Rs 5,000 to Rs 6,000.'
An error does not become a mistake until you refuse to correct it. Errors in your CIBIL credit report can become costly mistakes if you do not rectify them in time. So next time you get your CIBIL report, do not just see the score and tuck it away.
Simple to follow and effective ways to get cheaper two-wheeler insurance
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
Here are some pointers on what to do and what not to do in order to achieve this reality.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
A bunch of CEOs in their mid-30s and early 40s are trying to rectify the scenario where shady lending applications trap hapless borrowers with astronomically high interest rates and even bodily harm if the money was repaid. Anup Roy reports.
Lenders increasingly looking at your social media profile to evaluate creditworthiness
If variation is over 50 points, write to the bank and bureau immediately to correct the discrepancy
The accumulated interest will increase the principal and you will have to pay a higher rate. Borrowers should take the restructuring plan only after they are convinced they have exhausted all other options.
These will save you some money and lots of hassles.
Here's how to get out of this situation without hurting your CIBIL score.
Often made, these mistakes can send you down the dark alleyways of debt
Often made, these mistakes can send you down the dark alleyways of debt
Besides a good CIBIL score, lenders also look at the applicant's ability to pay off the additional debt burden. This is where Yash had a problem.
Harshala Chandorkar, senior vice president, CIBIL, answered readers' queries on the risks related to guaranteeing a loan in an online chat with readers, January 27
There are four distinct advantages the most important being getting a good credit score
Harshala Chandorkar, Senior Vice President -- Consumer Relations, Communication & CIC Compliance Credit Information Bureau (India) Limited (CIBIL), on Monday, August 12, to get answer to all your queries.
The photograph/s that we post, the comments and likes that we share on other people's timelines are all important reference points for hiring managers and recruiters, says Aashish Taneja.
For financial institutions, it will be an opportunity to provide better lending options. For instance, customers who pay their overdrafts on time will get access to more credit and probably at a cheaper rate.
A healthy CIBIL Report and a high CIBIL TransUnion Score indicates that you are managing your loans and credit relationships well and are financially savvy
What will be its impact on the banks's balance sheets? Since banks need to provide for 10 per cent of the loans restructured, they would need Rs 50,000 crores to Rs 80,000 crore for this purpose, notes Tamal Bandyopadhyay.
Harshal Chandorkar of CIBIL answered queries on credit report and in an online chat with Get Ahead readers on october 28.
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
If you score well in your credit report with anything between 700 and 900 points, your demand will be easily processed and approved.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
Top four consequences for you to keep in mind before you miss a mortgage payment
Your social media profile may soon be your ticket to a loan or a credit card, says Abhishek Agarwal
While we must always help our friends and relatives at the time of need, it is equally important for us to know the impact of such favours on our financials.
Do not panic if you have a poor credit score. Do not live with the fear of having an important loan rejectd by the lender because of a poor credit score. Here's the solution for your woes
Here's clearing this credit card misconception floating around in India
'This is for the first time home loan rates have dropped below 7 per cent,' notes Tamal Bandyopadhyay.
Surprised? Here's how a credit can benefit you.
Managing your money in January will set the trend for rest of the year, says Adhil Shetty.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
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