Mastering Your Money: Steps to Avoid the Debt Trap
In the simplest sense, it is like quicksand; the more you try to get free from it, the deeper you get into it. This is the borrowing, repaying, borrowing, repaying—strange…
Managing Multiple Debts: A Practical Guide to Handling Unsecured Loans in India
One of the most overwhelming feelings in this world is the burden of multiple loans like personal loans, credit card dues, and payday loans, especially in a society like ours.…
Stuck in Debt? Causes & Solutions under Indian Law
Finances can be nightmares in today's world, particularly when debts build up and become unmanageable. Such situations often trap individuals in endless cycles of financial distress. Escaping this requires understanding…
Fluctuation of Interest and Late Charges in Loans: Understanding the Impact on Borrowers
Interest is one of the primary factors in repayment terms for both personal and business loans. However, fluctuations in interest rates and additional charges can alter the entire repayment plan.…
Loans Against LIC Policies: Pros and Cons
A popular financial option these days is a loan against LIC, especially for those individuals who are ready to submit their life insurance as collateral to meet any urgent financial…
When Borrowers Reach a Breaking Point: Banks and NBFCs Under the Lens
India is a land of vibrant colors, where dreams are as big as the hearts that carry them. However, a growing menace is spreading across the country like a plague.…
Escaping the Debt Trap: Mastering Cumulative Loans
In today’s fast-paced world, managing finances can be a daunting task, especially when juggling multiple debts. Debt consolidation, commonly referred to as cumulative loans or the “debt trap,” is a…
Exploring the Indian Stock Market: Avoiding Scams and Debt Traps
The Indian trading market is a magnet for novice investors and traders globally. However, it also draws the attention of scammers. It's crucial to remain vigilant in the stock market…
Non-Performing Assets: RBI Guidelines and Resolutions for Banks
Non-Performing Assets or NPAs in simple terms are those assets that are not bringing any profit to the Banks/ NBFCs. In banking terminology, it is a loan advance for which…
Arbitration: A Swift Solution for Resolving Debt Problems
In today’s fast-paced world, the need to resolve problems swiftly is paramount. When disputes arise, the typical inclination is to ascertain which party is wrong and which is right. However,…