5 Effective Ways to Kill Your Credit Card Debt

According to recent reports presented in the Economic Times, the total credit card usage among Indian households in FY 2018-19 amounted to Rs. 85,300 Crore. With more individuals applying for credit cards, the household debt among Indians is on a gradual rise since the past few years. Thus, to avoid the liabilities that can arise from too much debt, individuals should adopt measures to get rid of their dues as early as possible. While regular credit card bill payment prevents the accumulation of debt, there might be instances where it…

What is a Utilization Ratio and Why Does it Matter?

Utilization Ratio

what’s your credit score? If you know this three-digit number, do you know why it is the way it is? While your score is a complex number that’s constantly changing, it is the product of many factors involved with your borrowing behaviour. One of them is your utilization ratio. Never heard of it? Keep scrolling to learn why your credit utilization ratio matters when it comes to your line of credit or credit card. What is a Utilization Ratio? This mouthful of a financial term is a relatively simple concept.…

Insightful Tips on Personal Loans

apply-for-personal-loan

Best Tips for Taking Out a Personal Loan “Personal loans are often portrayed as a financial olive branch to help individuals pay for large one-time expenses, often to satisfy their desire for instant gratification.” The well thought definition coined by Logan Allec, a certified accountant and owner of a successful personal finance website. Personal loans are unsecured loans that you can avail from a bank or, these days, even non-banking financial corporations (NBFCs). Unsecured loans do not require any collateral or security. Personal loans come with fixed interest rates for…

Why You Might Consider Taking Out a Cash Loan

personal loan purposes

Reasons to Apply for a Personal Loan Cash financing can be sought out to alleviate financial difficulties, supplement in a mega-deal purchase, or just to make that acquisition you had wanted for so long. These loans are then repaid in monthly deposits over 2-6 years, depending on your credit history. Online loan-scan be beneficial when taken and used for the right purposes then paid back at the right time. Otherwise, they can just continue to put a dent on your credit score, dig into your income even more by accumulating…

Get the Best Term Insurance Plan – Look for These Key Features

Online Term Insurance Plans

Choose Best Online Term Insurance Plans You consider yourself to be tech-savvy, are well educated and well connected which allows you to have access to up-to-date information. However, you end up not making the best decisions when it comes to your finances. You follow the “You live only once” principle and insurance do not appear in your list of priorities. You tend to spend your money on the latest gadgets, fine dining and expensive clothing while the need to get insurance goes in the background. It is not that you…

Should You Get a Term Life Insurance? Pros and cons

life insurance pros and cons

Is Term Life Insurance Worth It? With a stable job and loving family comprising his wife and two children, Sudhakar was content with his life. He was known for taking prudent decisions both in personal and professional life. One day, at the office, he overheard his colleagues discussing about term life insurance. He listened to the discussion, and realised that he had not yet purchased a life insurance policy to secure the financial requirements of his family, in the case of any unfortunate eventuality. The next day, Sudhakar consulted his…

How Term Plans are Different from Typical Endowment Plans

Typical Endowment Plans

Endowment Policy: Best Reviews & Benefits Online Both term insurance and endowment plan, offer a life cover. However, there are some differences between the two policies. You will be able to choose the right plan for yourself once you identify the gaps and understand how each insurance plan works. Go through all the details and then select the right kind of life insurance cover for yourself. Life Cover A term life insurance plan is a pure life cover. It is a life insurance plan that promises to pay a sum…

Demystifying FHA 203k Loans for Buying and Renovating Your Home Simultaneously

FHA 203k Loans

It is a natural tendency for prospective homeowners to look out for the property in the best condition. However, it may be appreciated that such properties tend to be more expensive than houses that are run down because most people are really not interested in buying such properties, as they require more work after purchase before you can move in. However, a savvy real estate investor will tell you, these dilapidated properties can deliver a really high return on investment by making relatively minor improvements in a short time leaving…

Credit Card loan vs. Personal Loan: Why the latter one is better?

Need a Loan

In case of an unexpected financial crunch, availing a credit card loan or a personal loan can be the right choice for you. Since both offer you access to money almost instantly, choosing between either of the one isn’t always easy. Read this article to understand the difference between a credit card loan and personal loan to make the right choice. What is a Personal loan? A personal loan is an unsecured loan that you can utilize for catering to any financial expenses such as home renovation, paying off education…

Small Business Loans – Short-Term Loans for UK Businesses

short-term loans

Types of Short-Term Loans for UK Businesses & Advice on Borrowing It doesn’t matter whether you’re trying to free up fund and increase cash flow or trying to expand your business, short-term loans can either help you or hurt depending on how much you understand them. To be eligible for one of these short-term business loans, you have to have been running your business for 18 months and actively trading. You also need earn at least £80,000 a year. Short-term business loans can help you take out finances for your…