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A debt consolidation loan is a loan that helps you pay off all your pending debts: unpaid loans or credit card debt. Multiple debts are combined into one single debt where you get more lenient payoff terms. This debt can be paid off in EMIs through a debt consolidation loan. In the long term, if you pay your EMIs on time, your credit score will eventually increase.

Consolidating all your debt into one loan can be helpful for you to pay off all your debt slowly in one EMI plan. But this can also decrease your credit score as taking up credit will raise a hard inquiry, which will bring down your score by a few points. Having a new credit account is considered as a new risk, and this causes a temporary dip in your credit score.

Following the demonetization, digital payment services have been on a rise in India. The central government has been pushing businesses and individuals to rely on a cash-light economy.

You can now pay your ICICI Credit Card Bill through Google Pay using the ‘Scan and Pay’ feature.  ICICI Bank website allows you to generate a QR code for your credit card payment, which can be used on any UPI App to make payments.

Car loan defaults happen when a borrower fails to make the agreed payments to their respective lenders. If you are not able to pay your monthly EMIs, it is better to inform your lender and explain the reason for the delay in payment. This is because charges are levied on late payments. And these late payment charges might be an additional load to the unpaid amounts.

Indian Bank provides agriculture jewel loans for farming needs such as the purchase of fertilizers, seeds, pesticides, and equipment required. Only farmers are eligible to get this loan by pledging their jewels.

Debt collection is the process undertaken by lenders to collect loan payments that are still due from the borrower's end. When you avail of a loan or a credit card, you would have to pay back the pending loan amount or your credit card balance on time.

Google Pay is a free online platform that allows you to send, receive, and send money to friends and family without incurring any costs. Within your Google Pay account, you can add, remove, or change your credit and debit cards.

There is no dedicated feature in the Google Pay app to pay your SBI Credit Card bill. However, if your credit card issuer permits you to pay with UPI Code, you can still use Google Pay to pay your credit card account using your bank portal.

Usually, an applicant with a bad credit score doesn’t get approved for a good credit card. Even if you get approved for a credit card, you wouldn’t get one of the best cards. Plus, the interest rates that you would have to pay will be very high.

Google Pay is an important digital payment tool these days! During the Corona outbreak, digital payments have spread throughout the country. Google Pay is one such payment facilitator that allows you to use your BHIM UPI account to transmit payments to persons, service providers, users, merchants, and third parties.

When your EMI bounces, you will have to pay a late payment fee and EMI bounce charges.  When you take a loan, the lender asks for a NACH Mandate or an ECS for the monthly EMI payments. The EMI amount is directly debited from your bank account. Some lenders also accept PDCs for the EMI payment.

ICICI Bank is a pioneer in offering state-of-the-art technology-based solutions to customers. They offer various online and digital features to manage your account.  You can check your ICICI Bank credit card balance easily by sending an SMS to 5676766. Follow this format to avail the details

You can check your IndusInd Bank credit card balance using IndusAlerts. You can check the balance on your IndusInd Bank credit card by sending a simple SMS from the mobile number registered with IndusInd Bank. 

No, it actually does not.  Many borrowers misunderstand that part prepayment will reduce your EMI. It does not. It only reduces the total remaining tenure of the loan. 

GST law has defined descriptions of the offenses and penalties that are levied if your tax payments are overdue. If any offence is committed then a penalty will have to be paid under GST. A late fee would have to be paid incase of a late filing.

Small Industries Development Bank of India (SIDBI) helps small scale industrial units by refinancing loans extended by primary lending institutions. It serves as a major financial institution for Micro, Small and Medium Enterprises (MSME) sectors.

SBI Pension loan scheme helps you get funds for your child’s marriage, to buy your dream house, plan for a vacation and especially for medical emergencies. Eligibility of personal loans for central and state government pensioners, defence pensioners and family pensioners will each have it's own criteria.

A state government pensioner can borrow for a home loan but eligibility of the applicant will reduce. Most banks entertain loan applications only from pensioners who draw a pension from the same bank. Some banks allow to take home loans with them even though you are not drawing pension from the same bank.

Veterans who have served in the Indian Army are entitled to get pension for financial requirements after their services with the army ends. The Veterans Cell is a single window for the redressal of veterans’ issues, that include issues beyond the usual pension and welfare matters.

There is a possibility of errors arising in your credit report. The errors can be a wrong name, address, identity number like your PAN or Aadhar card number, gender or even your date of birth. But these errors won’t affect your credit score. The errors that could actually affect your credit score are: