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Imagine logging into your credit card account portal and seeing a negative balance! It may alarm you and you may have questions such as how did this happen? Why do I have a negative balance in my credit card account?

UPI (Unified Payments Interface) is a virtual platform that allows users to send and receive money in real-time using a VPA (Virtual Payment Address) and a UPI PIN. It is the most popular and user-friendly payment option in Digital India, owing to its low cost. However, there has been a lot of press recently about anticipated changes to UPI rates.

A healthy credit report and score increases your probabilities of securing a loan/credit card at the best possible interest rates. According to credit data analysis of top credit bureaus, 70% of loans and credit cards were approved for people who had a credit score of 750 and higher.

Loan settlement is often mistaken as loan closure. But they are not the same. Loan closure is when you pay off all your EMIs on time and complete repayments as scheduled. In this case, the lender closes your loan account on payment of the final EMI and issues a NOC (No Objection Certificate).

Finding an account classified as collection on your credit report can feel intimidating. Having a collection account not only impacts your credit score but leaves behind a negative mark on your credit report

The insurance industry has always experienced a change in some form or the other. While the industry is very dynamic, because of the constant changes in trends and consumer demands, the level of shift brought about by Covid-19 is unimaginable.

How Long Does It Take for a Repossession to Come off Your Credit?

For any business venture to flourish, the most important requirement is capital i.e. timely availability of funds. When businesses lack proper funding their growth cycle is disrupted. This is a major hindrance for a vast majority of entrepreneurs.

Though loan restructuring and refinancing may sound similar, they are two different processes that are often mistaken as the same. In this article, we explain the similarities and differences between these two processes, so you can take the right decision for your loans.

The Indian consumer market boasts of young buyers who are always on the lookout for ‘buy now pay later’ options while making any big-ticket purchases. As more and more users prefer to buy high-end variants of consumer durables, smartphones, etc, there is a growing need for smart financing solutions that allow buyers to make instant purchases without having to pay the entire value of the product upfront from their pockets.

Modern times require modern solutions. Likewise credit card companies are finding innovative ways to get customers to repay their outstanding credit card bills. As a result of the financial stress caused by the Covid-19 pandemic and the subsequent lockdowns, customers held off paying their outstanding credit card bills.

Moratorium period and grace period are two terms that are often confused to be the same. These two terms, however, have many key differences.

In recent years, factors such as, fast-changing lifestyles and freely available credit have induced many individuals into borrowing large sums of money that may be beyond their capacity to repay.

A credit score is a 3-digit number ranging between 300 and 900 that is calculated and provided by credit rating agencies like Equifax, CIBIL™, Experian and CRIF™.

Getting rid of all or a part of your personal debt through settlement may look like a daunting task, especially when you feel like you’re buried under tons of debt. But the good news is everything is negotiable in the world of finance.

As the world continues to battle against the COVID-19 pandemic and the uncertainty that surrounds it, concerns are arising around mitigating the adverse impact of the virus. In light of this situation, India, with its 1.38 billion people, sees a major problem of a vague financial future.

Microloans are a short-term loan, generally with a smaller loan amount that can be availed by startups, micro enterprises, self-employed individuals and small business owners with low capital requirements.

As consumers, we take different types of loans at different stages in life and for different needs. Whether it is a mortgage loan for buying a home, an auto loan for buying a vehicle, or a personal loan, most loans have two aspects in common

The Supreme Court in India along with the Insurance Regulatory and Development Authority of India (IRDAI) laid out fresh norms related to long-term car insurance. As a result, a few of the general insurance companies came up with long-term car insurance policies.

With the continued impact of the Covid-19 pandemic on the economy, the Indian government announced multiple timely measures to offer relief to millions of individuals and small businesses.

Buying car insurance for the first time could be a challenging situation for many car owners, considering the vast number of insurance products offered by numerous insurance providers.