Fri, Oct 11, 2024
Learn about the Debt-to-Income (DTI) Ratio and its impact on loan approval. Understand how a high DTI ratio can lead to loan rejection and discover ways to improve your DTI for better financial health.
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Wed, Sep 18, 2024
The festive season is an exciting time that is eagerly awaited each year. With attractive discounts and offers on credit cards, this can be the perfect opportunity to tick items off your wish list. However, the temptation to save more with offers can lead to overspending, and consequently, debt. If you’re planning to wrap up your festive shopping with your credit card, here are some financial tips that can help you make the most of your credit card while avoiding debt.
Thu, Sep 05, 2024
Credit Card Bill: Credit cards have become a necessity for many people these days. However, every purchase made on a credit card is essentially a loan that must be repaid within the grace period. If you repay the amount within this period, no interest is charged. But if you miss the deadline, steep interest charges apply. If you are one of them and struggling with a large credit card bill, a balance transfer might be a helpful solution. Know how:
Tue, Aug 06, 2024
Credit Card Debt: In today's era, the use of credit cards has increased. People use it for everyday purposes like shopping, paying other bills etc. and with this many people get stuck in credit card debt. But why do people fall into the trap of credit card debt? How do they avoid this situation? Here's everything you need to know:
Wed, Aug 23, 2023
Credit cards are tricky and often leads people to a unending circle of debt. Transferring the balance to another card with a lower interest rate can be a way out of this debt trap.
Mon, Aug 14, 2023
In the coming days, RBI's 'Frictionless Credit Platform' will allow loans without credit score. How will this Frictionless Credit platform of RBI work? Know here....
Fri, Feb 10, 2023
Credit card debt: The major problem faced by people is not being able to pay off the credit card bill in full as it keeps on adding up to the previous months, resulting in a large debt.
Wed, Jun 29, 2022
Credit card spends have climbed fast and hit a record high in May. The amount of money customers spending online through credit card was also quite high. Data released by the Reserve Bank Of India shows card spending in May reached ₹1,14,000 crore.
Tue, Apr 26, 2022
RBI recently released new rules on issue of credit cards, here are 10 important points that you must be aware of as a credit card user.
Mon, Mar 07, 2022
A Credit card allows a user to purchase items without paying in cash. Even though it gives you an interest-free loan for a certain period of time, outstanding payment charges are always very high. A credit card comes with certain types of charges. Here are 5 types of credit card charges that you must be aware of.
Tue, Oct 09, 2018
Four years after his Malaysia and Vietnam trip, Ujjwal was knee-deep in loans. His loan requirement from a mere Rs 50,000, had increased to Rs 6 lakh. More than half of his salary went into paying EMI for the consolidated personal loan.
Tue, Apr 26, 2016
The rise in credit card outstandings in itself is not so much of a worry as much as two accompanying factors.
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