What happens when you have no credit history — and how to start building one
A credit report is a comprehensive record of your credit-related activities compiled by credit bureaus. It includes detailed information about your existing and past loans, credit card usage, repayment behavior, outstanding balances, defaults (if any), and even the number of times lenders have inquired about your loan application. This document serves as a financial biography […]
Credit card over-limit explained: Charges, impact, and how to avoid it
In the ever-evolving economy of India, credit cards have emerged as an essential financial tool. These cards provide rewards, convenience, flexibility etc., to the respective users. This makes them popular among consumers. Still, while using credit cards, it is also important to be aware of the risks associated with exceeding your credit limit. Going ‘over-limit’ […]
How to avail ₹5 lakh personal loan with your PAN card? A step-by-step guide
Permanent Account Number, or PAN, is an identification number that provides lenders with a complete image of the credit pattern. It helps monitor the monetary transactions of citizens and curbs all those transactions that happen outside of the legal framework. It is vital to link the PAN card number with all the bank accounts, which […]
How to budget without a spreadsheet – and actually stick with it
Put off by all graphs and charts traditionally associated with budgeting”. There is another way, writes Frances Cook. It’s all about flipping the dopamine script. If your budgeting system consists of a spreadsheet you hate, that you avoid opening, then feel guilty about ignoring, I have good news. This is not what you have to […]
How to download your dividend statement from HDFC Securities? A step-by-step guide
For investors in India, maintaining a clean and accurate record of dividend income is crucial for proper financial planning and income tax compliance. To meet the same expectations HDFC Securities provides multiple avenues through which dividend statements can be obtained. The objective of providing various platforms to investors for downloading dividend statements is to bring […]
How to avoid credit card late fees after a court threw out a proposed cap
NEW YORK (AP) — A Texas judge earlier this month threw out a federal rule that would have capped credit card late fees at $8. The Consumer Finance Protection Bureau finalized the rule last year as part of the Biden administration’s efforts to do away with what it called junk fees. It was paused by […]
How to start your credit journey? Key tips for first-time credit builders
The words “credit” or “debt” can feel quite daunting, especially when you’re just starting on your financial journey. For a long time, young individuals were often advised to avoid borrowing or seeking credit in the early stages of building their financial independence. The belief was that credit was risky, something to be avoided unless necessary. […]
How to trade Tesla’s upcoming earnings if you don’t share Cathie Wood’s optimism
Cathie Wood, CEO of ARK Invest, has consistently expressed extremely bullish price targets for Tesla (TSLA) stock, emphasizing its potential in electric vehicles (EVs), autonomous driving, and robotaxi services. In an interview last month, she reiterated her $2,600 price target, which is approximately 980% above Thursday’s closing price of $241. Wood has a history of […]
American Express credit card reward points: How to use them for free hotel stays?
The summer season is here. Many of you may be planning to head to the hill stations for a family vacation to escape the scorching heat. What if you could enjoy a free hotel stay with your credit card reward points? Some banks have partnered with frequent flyer programs (FFPs) of airlines and hotel loyalty […]
How to dispute student loans? Steps to resolve a disagreement over your loan balance or status
If you suspect that something is off with your student loan-whether it’s an incorrect balance, a loan you don’t recognize, or a payment status that doesn’t match your records-you don’t have to sit back and accept it. Mistakes on student loans can lead to unnecessary stress, higher monthly payments, and even credit damage. Fortunately, there […]