How Many Credit Cards Do You Really Need?

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Over the last decade, the number of credit cards in India has increased exponentially. As a result, credit cards are a huge convenience product for individuals offering several benefits. Credit cards, as we know, are financial products that facilitate buying…

Credit Bureaus in India: Everything you need to know

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Introduction Agencies collecting individual credit information data from debt collection agencies, creditors, debtors, and data providers are called credit bureaus. These credit bureaus sell this data to lenders, consumers, and creditors as credit reports. Credit bureaus give credit scores and are essential to understand how capable someone…

Credit Cards and their Usages: The dos and don’ts

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Synopsis: Credit Cards have long been an instrument for people to use as an alternative to cash for general purchases and the rewards and costs that come embedded need to be understood thoroughly.  At the onset, one needs to be…

Why are Personal Loan Interest Rates on a Downtrend for 5 years?

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Reserve Bank of India’s lending rate data shows that the personal loan interest rate is witnessing a gradual downtrend since 2012. The lending rate by the Indian banks (public, private, and commercial) and financial institutions started dropping in 2012. Still,…

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