Did your credit card or loan application got rejected by a bank? It could be because of a low credit score. This article will help you understand how your credit score gets impacted and what can you do to improve it.
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This 10-minute video will explain to you why goal-based investment planning is important and how you can quickly create an investment plan for yourself using Google Spreadsheet or Excel.
Even before I got my first paycheck, I had my plan ready on how I would spend my salary - I wanted to purchase the best clothes, party at the best pubs, purchase the latest gadgets.
With the next tranche of Sovereign Gold Bond going on sale from Oct 12, 2020, it is prudent to understand whether this is the right investment choice for you before you invest in it.
We read and hear news of people getting laid off, someone getting a huge medical bill, someone spending lacs on getting their car repaired because the damage was not covered under insurance. And yet, we refuse to accept that we may end up in a similar situation someday. Psychologists call this *optimism bias* - that enduring, it-won't-happen-to-me belief, no matter what the odds are.
Here are the weekly business news bytes for the duration 20th - 26th Sep, in under 4 minutes!
If you are investing without a goal and a plan, then you are investing the wrong way! This 10-minute video from The Finance Lab will show you the importance of having a financial plan and the steps to go about it.
Starting a new weekly series on The Finance Lab where we will publish the major business news from the week in an easily consumable format.
As per an RBI rule, an individual can get one free credit report every year from each of the four credit agencies in India- TransUnion CIBIL, Equifax, Experian, and High Mark CRIF. This means in a year you can get 4 credit reports. While this report is not as exhaustive as a paid report, it can be used to check your credit score and verify all the information present in the report. Here's how you can get your report.
In the last article 'how to improve your CIBIL score', we discussed the factors that influence a credit score and how one can maintain a healthy credit score. But there could be instances when the credit score is already damaged due to incorrect information with CIBIL. Or, the Credit Score is fine but some personal information in the report is incorrect, due to which the loan gets rejected. In such situations, people rush to Credit Repair companies and pay heavily from their pockets to get the CIBIL data rectified.
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