As a financial services innovation, The Reserve Bank of India (RBI) is planning to launch a digital currency using blockchain technology in 2022-23. It is a central bank-backed digital or virtual/ cryptocurrency that has grown in importance over the last decade. With this innovation, CBDCs are...
BNPL or Buy Now Pay Later is a direct micro loan with a specified limit that facilitates budget-conscious buyers who opt for small-ticket buying and repaying the amount they have borrowed later on. It is not a secured loan and must be paid within a...
Business both small and medium need timely influx of money to run their daily operations smoothly without any hiccups. However, in certain conditions a business may require cash for their long-term or short-term goals. In such cases, there are two options available for taking a...
More companies are looking at your credit history when considering whether or not to do business with you, so having a good credit history is more important than ever. To get a home loan, rent an apartment, buy a car, get a good insurance rate,...
Credit card issuers can often increase or decrease credit limits without notice, even lowering your credit limit to the point where you have no credit available. If you don't have any accessible credit, you won't be able to make any purchases until you clear some...
The way a customer uses his or her credit card might have a big impact on his or her credit score. It's critical to pay your credit card payments on time and keep your credit card balance low because it has a direct impact on...
College students are at life's crossroads. They become independent newly but not completely self-reliant. This means the credit cannot come easily to them. All banks and financial institutions always look for faithful burrowers. Thus, they are quite concerned about giving credit to people who are...
CIBIL or Credit Information Bureau of India Ltd is one of India's oldest credit data offering institutions. CIBIL score is the central part of your credit value. It is a three-digit number in the range of 300 – 900. But, more, the value is the...
Nowadays, customers turn to credit cards and borrow loans to fulfill their dreams and other financial goals. CIBIL score is one of the vital factors for obtaining the required access to credit. Your CIBIL score and credit report are something more than a report, and there...
Uncollectible receivable means payment that is not yet received. In other words, the corporation must have offered its clients some credit line. Normally, a corporation often sells both credits as well as cash for both goods and services. When any firm gives credit to its consumer,...