IDFC FIRST Bank offers a debt consolidation loan via FIRSTmoney to simplify repayment by collating numerous loan debts into a single debt so that borrowers can repay with manageable instalments. This approach not only helps borrowers manage their finances well but may also reduce overall interest costs. The features offered by First money include zero … Read more
A credit score of 550 is generally considered poor in India. Such a score significantly impacts an individual’s access to credit instruments such as credit cards, personal loans etc. That is why clearly understanding the implications, pros and cons associated with this score and taking proper steps to improve the same are important for an … Read more
As the Indian economy evolves and financial literacy grows among consumers, understanding what constitutes and constructs a good credit score has become immensely crucial. A credit score ranging between 300 and 900 is a numerical summary of an individual’s credit strength, his creditworthiness. This number is given by leading credit bureaus and is used by … Read more
As India’s economy and startup ecosystem continues to flourish and grow, several aspiring entrepreneurs are exploring financing opportunities to kickstart with their own ventures. One of the most prominent options to meet these demands is utilising personal loans to fund business ventures and initiatives. Now, this approach offers several advantages still, it also comes with … Read more
Whenever you apply for a loan or a credit card, the bank makes a credit enquiry, which is reflected in your credit report. Such enquiries appear at the bottom of your CIBIL report under the “Enquiry Details” section. Once in a while, you may come across an inquiry that you don’t recognise. It can be … Read more
As of late 2024, over 1.33 million students are pursuing higher education abroad according to the recent report published by PTI. This is a considerable increase from past years, this fact was presented before the Indian parliament some time ago. It highlights the growing trend of Indian students pursuing higher educational prospects abroad. This takes … Read more
Credit cards come with a host of benefits including rewards and cashbacks. If used wisely, they help you in managing your expenditure and income efficiently. But what if you find that the credit card that you own is not enough to cover your expenses. You should go for a limit enhancement on your credit card … Read more
Applying for a loan is a significant financial choice, and it is crucial to be aware of how it will impact your credit score. Borrowers are often concerned about whether a loan denial will damage their credit worthiness, and to protect and improve your financial well-being, this article examines the links between applying for a … Read more
Personal loan indebtedness can prove to be difficult to manage, particularly when one is financially distressed. Borrowers tend to turn to two options: loan restructuring and loan settlement. Both seek to bring an end to agony, but making decisions that are in your best interest regarding your financial well-being is based on being aware of … Read more
In India sustaining a high credit score is extremely important for applying for loans, credit cards and other credit instruments. A high credit score ensures that you are able to secure a loan at favorable interest rates and keep your financial security intact. Now, debt such as personal loans and credit cards also helps build … Read more