53 articles published
Withdrawing cash from a credit card can help during an emergency, but it is one of the more expensive ways to access money. You may pay a cash advance...
A gold loan can appear in your credit report when the lender reports the account to a credit information company. However, whether it helps build your...
If your CIBIL report shows an overdue amount even after you have paid your loan or credit card dues, the entry may not have been updated yet. Lenders ...
Closing a loan early does not automatically damage your credit score. The effect depends on your repayment history, the other credit accounts you hold...
A NACH mandate is an authorisation that allows a lender, insurer or other biller to automatically debit recurring payments, such as loan EMIs, SIPs an...
Credit mix refers to the variety of credit accounts in your credit report, particularly secured loans such as home loans and car loans, and unsecured ...
Yes, you can pay rent with a credit card in India, usually through a third-party payment platform rather than directly to your landlord. These platfor...
Yes, you can often get a first loan without a credit history, through a secured loan against a fixed deposit or gold, a lender that assesses your inco...
If your main goal is building credit, a credit card is generally the stronger long-term option when used responsibly. BNPL can be easier to access and...
If you see DPD 30, 60 or 90 against a loan or credit card in your credit report, it means a payment was overdue. DPD stands for Days Past Due and reco...
FOIR stands for Fixed Obligation to Income Ratio. It measures how much of your monthly income goes towards existing financial commitments and helps le...
If your credit score is lower than you want it to be, the solution is usually not one big financial move. It is a series of smaller actions repeated c...