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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 […]
What Is a Contra Entry? Let us see what a contra entry is today. Actually, in contra entry, the transactions involved are those which we already know very well, such as withdrawing money from an ATM or depositing money into the bank. What Is a Contra Voucher? A contra voucher is used to record transactions […]
How to Increase Credit Card Limit Many people who have a credit card. whether it is an old credit card or they have recently applied for a new credit card. want to increase their credit limit. But they do not know how a credit limit can be increased. Know five such ways through which you […]
If you have a bank account, then this information is very important for you. Because in today’s article, we are going to see in detail what a cancelled cheque is, how to prepare a cancelled cheque, what is the correct method, and when, where, and why a cancelled cheques is required. Nowadays, many institutions, banks, […]
Many students get confused between Debit, Credit, Debtors and Creditors and often assume that debit means debtor and credit means creditor. This assumption is completely incorrect. In this blog, we will clearly explain these concepts with simple explanations and practical examples. Definition of Debtors Debtors refer to people who owes money to the firm on […]
