Tag: Credit Score

Learn how to rebuild your finances after a loan settlement. Practical steps to regain stability, rebuild trust, and handle money better after debt settlement.

Thinking of taking a loan? Interest rates aren’t the only factor! Your income, credit score, debt-to-income ratio, and even your banking history play a crucial role in loan approvals. Learn the hidden factors that affect your interest rates and how to position yourself for the best deal. Stay informed, borrow smart, and secure your financial future!

Learn how errors in your CIBIL report can affect your credit score, loan approvals, and interest rates, and what steps to take for correction.

Making only minimum payments on unsecured loans might seem like a harmless way to manage tight finances during tough times, but this practice can quickly spiral into a debt crisis. By deferring most of the loan's balance and primarily paying interest, borrowers often find themselves stuck in a cycle of increasing debt. The emotional and financial toll of this approach can make it harder to regain stability, with consequences such as credit damage and legal repercussions. Recognizing the danger of minimum payments and seeking professional help are essential steps to prevent long-term financial harm.