Have you ever closed a loan by paying a discounted amount?Because of this, your settled status is showing in your CIBIL report, and due to this reason, you are not getting any loan from banks. About 8–10 years ago, even after having a settlement status, getting a loan was not as difficult as it is […]
What is a Credit Card It is basically a normal plastic card, just like your ATM card or debit card. But the use of a credit card is slightly different from an ATM or debit card. With an ATM card, what you do is withdraw the money that is already available in your bank account […]
Now we will analyze that if you are planning to take a car loan from Kotak Mahindra Bank, then what are the rules and regulations if you belong to the salaried class, meaning if you are doing a job. Similarly, if you are self-employed or run your own business, then what are the rules and […]
What is a 3-in-1 Demat Account? Let’s go step by step and try to understand first what exactly is a 3 in 1 demat account. Basically, it’s a demat account offered by a bank-based stock broker that links your bank account with your trading account. The transfer between these two accounts is almost instantaneous in […]
CRIF Business Credit Report. If you want to grow your business or are planning to take a loan in the future, this report can be very useful for you. If you have applied for a business loan at a bank, you can check the Highmark credit score for free there. Especially, if you have applied […]
What Is CIBIL MSME Rank? CIBIL MSME Rank CMR) is specially designed by TransUnion CIBIL to evaluate the creditworthiness of commercial entities. Just like an individual customer’s creditworthiness is evaluated using a CIBIL Score, similarly, a company’s creditworthiness is evaluated using the CIBIL Rank. Here, the CIBIL MSME Rank CMR) ranges between 1 to 10. […]
A credit builder loan is like manna from heaven for people who have poor credit or little to no credit history. But why is that? It is because this type of loan helps them build credit. Once they are able to achieve a good credit score, it becomes easier to get a credit card, and […]
The Government of India passed the Micro Small and Medium Enterprises (MSME) Act, 2006 on 16 June 2006 and it was notified and implemented on 2 October.In this Act, micro, small and medium enterprises have been defined in different ways and their scopes have been specified. Small and medium enterprises form the backbone of industrial […]
You have already made the payment, but the overdue amount is still not getting removed. Apart from this, I want to tell you that your report may also show fake loans, or it may show “Suit Filed.” In some cases, it may show “Settled,” which means you have completed the payment, but the status is […]
In this topic, we will see what Debt Recovery Tribunal (DRT) are, their duties, quantity, optional nature, composition, and the extent and scope of DRTs. We will also study their pecuniary limit and jurisdiction. Along with this, we will cover the process of debt recovery, including the application route and the SARFAESI route. Debt Recovery […]
