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It’s completely normal for your credit scores to fluctuate. Information in your credit reports is updated as it is reported to credit bureaus. Any activity such as delay in payments of credit cards or EMI will be reported by the lenders to the credit bureaus and the credit bureaus will update it once in a month or once in every three months. 

Settling debt is essentially coming to an agreement with your creditors to pay back part of what you owe and be forgiven for the rest. So why would a lender agree to settle with you for less money than you owe? In most cases, they agree to recover at least a part of the debt than none.

If you're dealing with a lot of debt, it can be hard to know how to start tackling it. While it's generally recommended to first pay off the debts with the highest interest, the right strategy depends a lot on your situation. 


According to the NPCI website, at present, the upper limit per UPI transaction is Rs. 1 Lakh per account per day. Within this upper limit different banks may have their own sub limits hence one should check with one’s bank. Recently most of the nationalised banks including SBI, Axis bank, ICICI bank etc which are part of UPI network have published their revised UPI transfer limits.

Credit score has taken a non-negotiable position in the world of credit.  There can't be much possibility of availing credit on competitive interest rates and favorable terms with bad credit scores. In India, the 4 credit bureaus that issue credit reports are CIBIL™, Equifax, Experian, and CRIF High Mark.

Asking your credit card issuer to increase your credit limit can not only boost your buying power, but also lower your credit utilization, which could help your credit scores. Whether your request will be approved, however, is a matter of timing. It's often said that the best time to ask for new credit is when you don't need it (at least, not yet).

Keeping your credit card information safe is mandatory. Here are some important tips to help you to keep your card safe and secure, for both online and offline transactions

Currently, there is only one credit card being offered by Amazon and that is the Amazon Pay ICICI Bank Credit Card. Amazon Pay ICICI Bank credit card is a credit card issued by ICICI Bank in association with Amazon and Visa. This is a lifetime free credit card with no joining and renewal fees.


If this is your first time using UPI payments, you need to register your UPI ID. Here's a step-by-step guide to help you. 


UPI or Unified Payments Interface is an immediate real-time payment system that helps in instantly transferring funds between the two bank accounts through a mobile platform. UPI allows multiple bank accounts to use a single mobile application.

To use the UPI method of payment, each individual needs a unique Virtual Payment Address (VPA) which is similar to a username to send and receive the money. It will be like your unique ID. You can choose a VPA according to your choice. Also, you can add this unique VPA to more than one bank account.

Never forget two things in life. To eat and to pay your credit card bills on time. Because obviously eating is essential but paying your credit card bill on time not only reduces your debt but also you don’t have to pay late payment fee and other penalties levied by credit card companies. 

An increase and decrease in repo rate impacts both current and future home loan borrowers. Public sector banks, including leading banking institutions like State Bank of India (SBI), are generally the primary ones to scale back their rates and pass on the benefit to consumers.

Let’s help you better understand how this formula works: When you receive the credit card bill/statement, you should pay the complete bill amount by the end of the credit free period to avoid paying interest charges on the outstanding amount. To pay your credit card bill, you normally get a credit-free period of 20 days from the bill/statement issue date.

First things first, a settled account affects your credit. However, what you need to know is that it's better than unpaid but worse than paid as agreed. 

Generally, a settled account will remain on a credit report for seven years from the date of settlement with the lender. Even if you have resolved the debt years ago, it will remain on your credit report until the seven-year period is covered. 


As the moratorium period ended on 30th September, the RBI has allowed for restructuring of loans to help borrowers overcome the financial stress caused by the pandemic. The RBI has instructed banks and other lending institutions to come up with a plan for implementing the restructuring. 


Looking to make use of the new loan restructuring benefits, but not sure which documents will be needed? Worry not, we’ve got you covered. Here is a consolidated list of the documents required by banks to recast your loan.


The Emergency Credit Line is basically a loan, for which 100% guarantee is provided by the National Credit Guarantee Trustee Company (NCGTC) to Member Lending Institutions (MLIs). MLIs include Scheduled Commercial Banks (SCB) and Financial Institutions (FI) that offer additional working capital loans to existing MSME borrowers under this scheme. NBFCs offer additional term loans to existing MSME borrowers under this scheme.

The SMS banking facility at HDFC makes it easy for customers to access their accounts and carry out banking transactions 24 x 7 from their mobile phones. SMS banking eliminates the need to visit a branch physically, thereby making banking easier, smarter, and simpler. One of the biggest benefits of SMS banking is that you don't require a smartphone. You can avail these services on any basic mobile phone. 

In simple words, the credit card balance or statement balance is the money that one owes to the credit card issuer. It consists of an amount which is unbilled as well as the current outstanding amount. 

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