Summary Credit card settlement is one of the choices that can give a temporary respite in tough financial conditions. When credit card charges keep rising and timely payment is impossible, then this choice can be useful to you. But before implementing it, it is essential to keep certain things in mind, like contacting the bank […]
What are the quick tips for credit card settlement? Read More »
Summary Credit cards have become an important part of life these days, but they can also cause trouble if not paid on time. When a person spends too much and is unable to pay the credit card on time, then one has to go for “settlement” with the bank. Settlement means -an agreement on the
Tips to Boost CIBIL Score After Credit Card Settlement Read More »
Summary Credit card has become a very useful financial tool in today’s time. Not only can shopping and payment be done easily, but it also helps a lot in emergencies. But when it is used without planning and beyond limits, it can turn into a huge debt. Many times, people are unable to pay the
Is it possible to settle your credit card? A true story Read More »
Summary Credit Card Settlement: Credit cards offer great convenience but can lead to financial woes if abused. Over-limit spending is one of the biggest issues with credit card users, where they spend beyond their respective credit limit. Banks charge over-limit fees when this happens, and your credit report could also suffer adversely. Don’t do this
How to Settle Credit Card Dues and Avoid Over-Limit Charges? Read More »
In a significant move aimed at promoting financial literacy and inclusion among the younger population, the Reserve Bank of India (RBI Notifies Revised Guidelines) has issued revised guidelines for the opening and operation of bank accounts for minors. These updated regulations are designed to empower children and adolescents with the tools and knowledge to manage
RBI Notifies Revised Guidelines for Opening and Operation of Minors’ Bank Accounts Read More »
Summary Settlement of a personal loan occurs when a borrower, through financial distress, agrees with the bank to repay only a lesser amount than the overall amount of the loan. This (Personal Loan Settlement & Loan Closure) settled amount settles the loan, but the loan is reflected as “settled” on the credit report. This negatively
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Summary The settlement of a car loan entails repaying your car finance through either paying the total amount or making an equivalent one-time smaller payment to your financier. It is an efficient alternative if you want to clear your debt early and save the payment of interest payments. Two kinds of car loan settlements are:
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Summary Bike loan settlement involves finalizing your bike loan before the actual expiration of the repayment term. The two methods to settle your bike loan are prepayment (paying the complete loan balance early) and negotiated settlement (paying a lesser amount due to financial difficulty). Prepayment reduces your payment of interest and is beneficial to your
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Summary SBI RuPay Credit Card is a smart choice for 2025 with great facilities for online shoppers. It accepts UPI along with contactless payments and charges a lower processing fee than foreign cards. Backed by SBI and NPCI, it is secure, fast, and cost-saving. These have high cash discounts, reward points, waiver of fuel charges,
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Summary Credit card settlement means paying less than what you owe to the bank when you are unable to pay the full amount due to financial difficulties like job loss or medical emergency. While this may provide temporary relief, it negatively impacts your CIBIL score, which is important for getting a loan or credit card.
Credit Card Settlement and Its Impact on Your CIBIL Score in India Read More »
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