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How to do credit card balance transfer?

Balance transfer is an option that allows people to get rid of their old credit card debts by transferring to another credit card. The main purpose of a balance transfer is to obtain a low interest rate and avoid credit card debt on your existing card. Frequent balance transfers, on the other hand, are not […]

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Loan Settlement and How it Affects Your Credit Score

Loan Settlement and How it Affects Your Credit Score

What is loan settlement? Loan settlement or Debt settlement is the process of paying off an outstanding debt to a creditor or lending institution at an amount lower than what is due. The debtor agrees to pay through lump sum payments, a repayment arrangement or a combination of both. What is the difference between loan […]

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Ultimate guide to Consumer CIBIL Score

CIBIL score popularity is on a rise these days. This is because it has become one of the most important tools for measuring creditworthiness. The higher your CIBIL score, the better financial products and services you will be eligible for. A high CIBIL score can help you in getting approval for loans quickly and at […]

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Bank Ombudsman Scheme of RBI – A Definitive Guide

RBI recently introduced a new resolution mechanism for consumer complaints regarding services provided by entities regulated by the Reserve Bank of India in an expedient and cost-effective manner. The scheme is called Reserve Bank – Integrated Ombudsman Scheme. Here are the key highlights of the scheme: Centralised Receipt and Processing Centre The Regulation provides for […]

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How to identify genuine or real loan apps and avoid fake ones

Covid 19 has had a significant impact on our lives and businesses, with many people in the need for “instant money”. Loan sharks are now lurking in your smartphones disguised as seemingly legitimate money-lending and borrowing apps. It is estimated that Covid 19 has resulted in over 10 crore people losing their jobs and small […]

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