Loan Restructuring Process
Quick check: Getting recovery calls from a loan app? Know what RBI says recovery agents cannot do, and check the lender behind the app in our loan app directory. For example, see True Balance and Buddy Loan. What Is Loan Restructuring? Although loans typically have a certain payback period, owing to events like the current […]
Importance of Employee Financial Wellness
Quick check: Juggling several app loans? Read how to get out of multiple loan apps, and check each lender’s RBI status in our lender directory. For example, see our pages on DSP Finance and Capfloat Financial Services Private Limited.. Why Financial Well-Being Is Important Your workers’ personal and professional lives and, consequently, your business are […]
What are the disadvantages of PayDay Loans or Cash Advance Loans in India ? Borrowers Beware!
Payday loans, also known as cash advances, are short-term loans that are designed to help borrowers get through financial emergencies. While these loans can be helpful in certain situations, they also come with a number of disadvantages that borrowers should be aware of before applying. High Interest Rates One of the biggest disadvantages of payday […]
Loan Settlement and How it affects your Credit Score?
Settlement of a Loan is frequently confused with loan closure. But because they are two distinct concepts, they have differing effects on credit scores. The loan account will naturally terminate once the loan has been repaid if you make your monthly payments consistently and on time during the duration of the loan. The same information […]
How one borrower Muthu lost a lot by Bad pay Loan Lenders
Muthu was a hardworking man who had always been careful with his money. But when his wife fell ill and needed expensive medical treatment, he found himself in a difficult financial situation. With no savings and no other way to pay for his wife’s treatment, Muthu turned to a payday loan. The payday loan seemed […]
How to Safe Guard Your Money Life against Recession
Recession can have a significant impact on an individual’s finances, and it is important to be prepared and take proactive measures to mitigate the effects. Here are some ways to reduce the impact of a recession on your money life in India: 1. Create an emergency fund: Having an emergency fund is crucial during a […]
CFO Checklist: Key Steps to Take
The coming year may bring greater uncertainty, according to experts. Now for the good news: Even though there will inevitably be outside influences, having more financial assurance will help you deal with any challenges that may arise. There is a lot of discussion about the chief financial officer’s evolving duties (CFO). Modern CFOs have a […]
Declutter your Debt in 2023
Many of us have big financial goals for the year, including saving and investing. But you can only carry out such ideas effectively if you are aware of your current situation. Our homes may get overloaded with tangible goods, and the same can happen to our finances: too many bank accounts, an unnecessary insurance policy, […]
What is Overleveraged?
If a company has too much debt in relation to its operating cash flows and equity, it is considered to be overleveraged. An overleveraged corporation has trouble covering its interest and principal payments, and is often unable to cover its operating expenses due to high costs incurred as a result of its debt load, leading […]
How to Improve your Financial Health in 2023
Financial health refers to an individual’s potential to meet any emergency financial crisis without hampering his/her daily lifestyle. Quick check: Found a lender name on your CIBIL report that you don’t recognise? See what to do about an unknown lender on your CIBIL report, or look it up in our directory of RBI-registered lenders. For […]