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![How an advance affects your credit rating and Alternatives to credit card advances-[A]](https://blog.mudrahome.com/wp-content/uploads/2020/08/How-an-advance-affects-your-credit-rating-and-Alternatives-to-credit-card-advances-A.png)
As with any form of a loan, an advance can affect your credit rating. A cash advance from a credit card does not show up as a separate item on your credit report, but it can affect your creditworthiness if your credit usage exceeds 30.% Credit utilization is the amount of debt you currently have …
The prepaid feature, like any other feature, has both advantages and disadvantages. However, when used correctly, it acts as an emergency fund and saves you money in times of cash flow crises. Let’s take a closer look at the pros and cons of this feature. Advantages of the prepaid credit card function- Instant Cash: The …
When it comes to getting quick cash to meet your urgent financial needs, a personal loan is the first option that people often think of. Personal loans are particularly convenient in emergencies, and because of their easy availability, their interest rates are generally higher than any other form of secured or unsecured loan. No matter …
![What is Home Loan Insurance and what are it's pros and cons_- [1]](https://blog.mudrahome.com/wp-content/uploads/2020/08/What-is-Home-Loan-Insurance-and-what-are-its-pros-and-cons_-1.png)
What is mortgage insurance? A home loan insurance plan is a plan in which the insurer pays the outstanding mortgage amount with the lender or the bank in the event of an unforeseen situation. Some of the comprehensive mortgage loan insurance policies cover the applicant, the home, and all of its contents. The premium paid …
![How to improve your chances for getting a personal loan_ - [A]](https://blog.mudrahome.com/wp-content/uploads/2020/07/How-to-improve-your-chances-for-getting-a-personal-loan_-A-.png)
Personal loans are serviced by individuals and are used for a variety of purposes, from renovating your home to international vacations and debt consolidation. They are generally uninsured, which means they do not have to give a guarantee, making them an attractive option for customers. However, the risk to lenders is higher, and therefore interest …
Obviously, mortgage lenders have a long list of conditions that borrowers must meet to be eligible for a loan. Sometimes there are cases where an individual borrower, even if he meets the eligibility criteria for the home loan, may ask the guarantor to sign the loan document. For more information on these cases and the …
![Home loan_ fixed or floating interest rate_ which should be chosen_- [A]](https://blog.mudrahome.com/wp-content/uploads/2020/07/Home-loan_-fixed-or-floating-interest-rate_-which-should-be-chosen_-A-.png)
Getting a mortgage loan is very easy these days. However, choosing the best option is always a complex matter. You must do your homework well before jumping on something. When applying for a home loan, the first thing that bothers applicants is whether they opt for a fixed or variable rate. Let’s see which option …
Credit cards have revolutionized people’s opinions about loans or other lines of credit in India. Of the many features that are available on a credit card, the prepaid feature provides cardholders with instant cash. Unlike other loans, the prepaid credit card feature does not require additional bank approval or other documents. It is immediately available …