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use of credit cards

A credit card is a very important financial instrument which has been a great boon in out lives today. Nevertheless, its of vital importance to know how to use it responsibly. The trick is to use it smartly so that you can maximize your savings and utilize a truckload of its benefits. However, ask yourself …

Unsecured dropline overdraft

Any business big or small requires easy access to finances for running smoothly. Most business owners have to rely on business and personal loans which comes with high interest rates to meet their short-term finance requirements. An overdraft facility offers a helping hand to owners with current accounts with good transaction history. Overdrafts have some …

9 Features that Affects Your Credit Score

A credit score is a numeric summary of your entire credit history. It is put together by credit bureaus from the information provided by financial institutions and lenders. Credit score is the most essential factor in determining your credit worthiness and getting you the best interest rates. A good credit score means less interest on …

Margin Money in Home Loan

A certain sum of amount which the borrower deposits initially, to either the bank or a non-banking finance company from whom they are trying to obtain a home loan is called as the Margin money. Lenders treat the contribution of The margin money for a home loan from a borrower is accepted as a sign …

How Credit Card Balance Transfers Work

Balance transfer of a credit card is when you move the outstanding debt on one credit card to another card, usually a new one.This is normally used when one wants to move the amount owed to a new credit card which provides lower interest rate, fewer penalties, and superior benefits, than the current used card. …

Understanding Credit Risk

The default risk on a financial obligation which arises when a borrower fails to make the required payments is called Credit Risk. It is the possibility of a loss to repay a loan or meet the contractual obligations. A lender may not receive the owed principal and interest, which results in an interruption of cash …

Income Tax refund

In layman terms, tax refund is the disparity between the taxes paid and taxes owed to you. A tax refund is furnished to the taxpayer when the tax liability is less than the taxes paid. As per the Income Tax and other Direct Tax laws, a refund occurs when taxes paid are higher than your …

personal loan

Personal loan is also the most opted as it is an unsecured loan. There is no need for any collateral, or security for taking personal loan. There is very less risk factor involved in personal loan in comparison to other types of loan which requires collateral security. This open-ended loan can be used for pretty …

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