Credit history is your financial collateral

Credit bureaus and the role they play

Credit bureaus and the role they play

Have you ever wondered what exactly a credit bureau does? This article will help you understand the role that credit bureaus play in an economy and the ways in which they can help you as a borrower.

Borrowing and credit basics

Do you know the difference between good and bad debts

Do you know the difference between good and bad debts?

This article will help readers differentiate between good and bad debts. It talks about the basic factors like cost, if the loan helps you build an asset, if it helps you secure your future, etc. that differentiate good debts from bad ones.

Trending Videos

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Do you really need to borrow?

Do you really need to borrow?

Vidhi, Arvind’s sister, is an impulsive buyer and constantly borrows money to fulfil her needs and wants. This has strained her relationships and landed her in a debt trap which is making it harder for her to manage her finances. But Arvind helps her understand that she should only take loans when necessary

How to control your dues before it controls you?

How to control your dues before it controls you?

When we fall ill, we consult a doctor and make lifestyle changes. Similarly, when we fall into a debt trap, we should seek help and re-adjust our finances. In this video, Arvind introduces 5-mantras to Ravi, that’ll help him get out of debt.

What are the important factors to consider when borrowing?

What are the important factors to consider when borrowing?

Through this small incident from Arvind and Nisha’s life we learn that we should research well and compare deals before taking a loan, just like we browse through markets and check the quality of anything we buy – be it groceries or clothes. Arvind tells Nisha about all the important factors – like interest rate, tenure, additional fees and charges, etc. that she should check before taking a loan

Borrowing and credit basics

Can the borrowings be good?

Loans are not good or bad; it’s how and what we use them for that makes the difference. This is what Arvind helps Nisha understand by comparing loans with relationships. Loans should help you achieve your financial goals, but when they start straining your finances, you should step back and reconsider them

Quizzes

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Are you pushing yourself into a loan trap

Are you pushing yourself into a loan trap

Do you feel like you have too much debt? Are you comfortably repaying your loans? Answer a few simple questions and find out if you have more debt than you should.

Have too many borrowings? This quiz will tell you if you are in the Red

Have too many borrowings? This quiz will tell you if you are in the Red

Answer a few simple questions and find out if you can make good borrowing decisions or if you need to learn more about loans.

Do you know the right types of loans for your needs ?

Do you know the right types of loans for your needs ?

Want to test your knowledge about loans? Let’s see how many commodities you can choose the most suitable loans for.

What do your spending habits say about you

What do your spending habits say about you

This quiz will tell you what kind of financial personality you have based on your spending habits. All you have to do is answer a few simple questions.

Latest Updates

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Mantra 1

Mantra 1 - Find money in your expenses

When you find yourself in a lot of debt, this first thing you should do is to reassess your budget. In this article, you will see how Ravi found money in his monthly expenses to repay some of his debts.

Do you have everything you need to apply for a loan

Do you have everything you need to apply for a loan?

Are you planning to take a loan soon? But are you fully prepared to take the loan? Here’s a checklist you must read to make sure your loan application is processed and approved easily.

mantra 2 - Earn extra money to pay your debt

Mantra 2 - Earn extra money to pay your debt

In this piece, Arvind and Ravi discuss the second mantra - earn extra money to pay your debt. Arvind helps Ravi identify things he can sell to earn extra money and suggests his ways to increase his income.

Mantra 5

Mantra 5 - Get your lender's help

This is the last piece of the mantras series. In this piece, Arvind talks about the various ways your loan company can help in case of default. It suggests steps like contacting your lender asap and informing them about the reason for the delay, sharing your previous repayment history with them, etc. and informs you of the ways your loan company can help you deal with your debt. Then he informs Ravi about some ways his lender can help his deal with his debts.

Mantra 3

Mantra 3 - Adopt a method to pay debt systematically

Arvind and Ravi are halfway through their 5 mantra plan and are meeting to discuss the third mantra - Adopt a method to pay debt systematically. Arvind helps Ravi chart out a workable method, which is best suited to his situation to pay off his debts.

How much debt Is too much

How much debt is too much

We all need to borrow money at some point in our lives. But it is very important to know when to stop and reassess our finances. This article mentions indicators that can tell you if you have more debt than you can comfortably repay. 

Where to get your credit report? How to read it?

Where to get your credit report? How to read it?

A lot of people find it difficult to understand their credit reports. This piece tell you how to read your credit report section by section and helps you understand which portions mean what, like the first portion contains personal details,the second portion reflects one;s employment details like income, the next portion has details about the loans acquired and their history, etc.

Home Credit

Do you make these credit score damaging mistakes?

Have you ever missed an EMI? Or paid only the minimum due amount on your credit card bill? Did you know doing so repeatedly can severely damage your credit score? This article will tell you many such mistakes that may negatively impact your credit score.

Did you know your credit score doesn't just impact your borrowings but your job prospects as well

Did you know your credit score doesn't just impact your borrowings but your job prospects as well

You may have heard about credit scores if you have applied for a loan. But most of you may not know about its impact on things apart from your borrowings. This piece can help you understand other such ways in which your credit score may affect you.

Credit bureaus and the role they play

Credit bureaus and the role they play

Have you ever wondered what exactly a credit bureau does? This article will help you understand the role that credit bureaus play in an economy and the ways in which they can help you as a borrower.

Do you know the difference between good and bad debts

Do you know the difference between good and bad debts?

This article will help readers differentiate between good and bad debts. It talks about the basic factors like cost, if the loan helps you build an asset, if it helps you secure your future, etc. that differentiate good debts from bad ones.

How smart is it to borrow from your friends and family?

How smart is it to borrow from your friends and family?

Borrowing money from loved ones may seem convenient, but it can get complicated if you don’t treat them like any other loan. Here’s a list of things you must keep in mind while borrowing money from friends and family.

Things you should always check while borrowing money

Things you should always check while borrowing money

Interest rate is not the only factor that affects the overall cost of a loan. If you are planning to take a loan, make sure you consider the factors mentioned here to avoid any unpleasant surprises. 

Is your debt controlling you

Is your debt controlling you? Read this to know

Debts can either help you achieve life goals sooner or pull you farther away from them. Ravi was struggling with his loans too, but Arvind told him about these 5 mantras that will help him get out of debt.

Mantra 3 - Choose a systematic method to pay your debt

Mantra 3 - Choose a systematic method to pay your debt

One of the most common mistakes people make is repaying their debts randomly. Excessive debt is hard to get rid of and needs a systematic repayment plan. Find out how Arvind helped Ravi choose the right approach to tackle his loans.

Mantra 4 - Dig into your long-term savings to secure your today

Mantra 4 - Dig into your long-term savings to secure your today

You save money to secure your future, but your present may need it more at times. Particularly when dealing with excessive debt, savings and investments can help you repay them sooner. Find out how Arvind helped Ravi identify sources of extra money to clear his debts.

Mantra - 5 Talk to the loan company for help

Mantra - 5 Talk to the loan company for help

Most of you see lenders as hounds who only want to get their money back. But if you talk to them about your problems, you may find that there are many ways in which they can make debt repayment easier for you. Find out how Arvind showed Ravi ways in which he can seek help from his lenders.

Did you know there are good debts and bad debts

Did you know there are good debts and bad debts?

Debts are inherently good or bad. It’s how we use them that makes the difference. There are other such factors that determine the nature of debt and the effects that it may have in your life.

Could your decision to take another loan make you regret later?

Could your decision to take another loan make you regret later?

Have you ever made an impulsive purchase and regretted later? Or fell into the trap of a promotional offer? This article tells you the important questions that you must ask before deciding to borrow money for anything.

Borrowing and credit basics

Mantra 2 - Find ways to make extra money

Have you ever found yourself struggling to manage your finances while repaying your debts? If yes, you may have to do more than just cutting down on unnecessary expenses. In this article, you will find how Arvind helped Ravi find extra money to pay off his debts.