Tag Archives: debt management

4 Amazing Ways You Could Benefit By Increasing The Limit On Your Credit Card

Credit Cards come with virtually limitless power. Find out how increasing your credit limit could give you some amazing benefits.

Loan Default Is Not The End!

Loan default is not the end of the world and it certainly doesn’t brand you as a criminal. Certain rights have been established to safeguard the interest of loan defaulters. Read on to know what these are.

Drowning In Debt? What NOT To Do To Stay Afloat

Being in debt is like sinking in quicksand. While there is no instant way to make you debt-free, a measure of commitment and patience will put you on the road to becoming debt-free. If you are diligent and focused on achieving your dream of being freed from debts, we’ll give you a nudge to help you on your way. Read on to find out what NOT to do.

How to Manage Your Lottery Windfall Gains

If you’ve just won a lottery or had windfall gains from the equity market, congratulations! The next question always is, what are you going to spend it on? But have you considered not spending it just yet? It may sound like an outlandish idea but there are ways you can use these gains to make… Read More »

How to Manage Money When Drowning in Debts

Jordan from the movie ‘Wolf of Wall’ Street made a lot of money but he fell just as hard and fast and couldn’t get out of the debt he found himself in. Debt is not a good place to find yourself in but you don’t have to end up drowning in them.  Here’s Jack, a… Read More »

What happens when your home loan is not enough?!

Rajesh was very happy on identifying his dream home for Rs 50 Lakhs. Just as Rajesh was all set to buy the property, his world came crashing down when he approached the bank and coming to know that the maximum home loan he could avail as per his eligibility is Rs 40 lakhs. Rajesh had… Read More »

Do you have more than one credit card?!

Abhishek had started earning well in his early twenties and decided to acquire 2 or 3 credit cards for his varied needs! He was discouraged by a lot of people because keeping more than one card was considered suicidal due to the additional charges associated with credit cards. However, not everyone realised the fact that… Read More »

Understand your credit profile!

When you apply for a loan, banks judge your ability to repay the loan on numerous counts including your age, income, job stability and your credit report, which is a reflection of your true credit worth. You need to understand why this is the case so that you prepare yourself to submit a good application… Read More »

Credit – Benefits vs. Cost ?!

Polonius, a character in Shakespeare’s play “Hamlet” advises his son, “Neither a lender nor a borrower be”. With due respect to Polonius and his genius, credit has become a part and parcel of our life. While most of us cannot be lenders, we are bound to be borrowers because of the system we live with.

7 alerts for a money crunch!

Can you survive a job loss for six months? Do you have some funds stashed away for such emergencies until you gather your reins and surge ahead confidently with a new job and a new plan for the future in place? What about a medical emergency? Do you have resources that you can tap into… Read More »