Top Tips For Managing Your Credit

Credit is a useful tool to extend your wealth and allow you to reach commodities you wouldn’t be able to before. Vacations, extravagant gifts, and fun activities might not be affordable to you without the help of credit. However, if you don’t manage your credit correctly, you can easily fall behind on payments and start getting into debt. To help you avoid paying more than you need to, here are some tips you should always keep in your mind. Consolidate Your Loans The first thing you need to do is collect all of your debts and put them into one place. This “one place” should be a consolidation loan. The idea is to make the loan as easy to understand as possible. Instead of having two loans with one bank, a credit card with another, a store card, and more, you take out a loan designed to pay the otherContinue reading

Understanding Decreasing Term Life Insurance: A Guide to Protecting Your Loved Ones

Life insurance is a crucial aspect of financial planning. It provides financial support to your loved ones in case of your untimely death. Different types of life insurance policies are available in the market, including term life insurance, whole life insurance, and universal life insurance. One of the most popular types of term life insurance is decreasing term life insurance. What is Decreasing Term Life Insurance? Decreasing term life insurance is a type of term life insurance where the death benefit decreases over the policy term. It’s designed to cover a specific debt or liability that decreases over time, such as a mortgage or a business loan. The premium stays the same throughout the policy term, but the death benefit reduces at a predetermined rate. For example, suppose you take out a decreasing term life insurance policy to cover your mortgage. The policy term is 30 years, and the deathContinue reading

How A Personal Loan Helps Save You Money?

Whether you’re forking out to cover the costs of emergency medical care or want to put a down payment on a house, a fixed-term personal loan can be a life-changing financial source. Not only are personal loans the fastest-growing loans out there, but they can also help you to improve your credit score and save money all at the same time. However, taking out a personal loan can be a daunting experience, especially if you aren’t familiar with the full extent of what they can do, and the repayment process. Here’s how a personal loan can help to save you some money. What Is A Personal Loan? This is an unsecured loan usually in the range of $1,000 to $100,000 that comes with a fixed interest rate. The word “unsecured” sounds quite frightening but it truly isn’t! It simply means that you do not have to worry about putting upContinue reading

3 Loan Options for People with Bad Credit

According to FICO.com, 11.5% of American have a credit score that is below 550. 60% of these people will take out another loan and default on that loan. It’s easy to see why fewer lenders are willing to loan to individuals with a credit score of 550 and below. It’s risky. That being said, people with bad credit still have a variety of loan options that can help get through life’s hurdles. This article will detail the 3 most common loan options for a lower credit score, and the golden rules of utilizing them. Option 1: Online Installment Loans Installment loans vary in length, terms, and amounts. They’re a great resource for unplanned emergencies such as an emergency roof repair. These loans have a structured payment schedule that typically falls around the borrower’s payday. There are dozens of installment loans online for bad credit. You will have to do yourContinue reading

Best Premium Credit Card in India 2019

A Credit Card is one of the readily available and popular financial instruments, which offers the freedom of making purchases and paying bills, without having to pay upfront. Moreover, these cards offer a wide array of benefits, in the form of reward points, flyer miles, additional discounts, and brand-specific offers. However, if you want some additional lifestyle benefits from your card, your best bet is to invest in the Best Premium Credit Card in India. Not only do such cards offer benefits that are above and beyond those offered by regular cards, such as Lounge Access at Airports, but also entitle you to exciting redemption alternatives which can help enhance the quality of your lifestyle! Let us take a quick look at some of the leading premium credit cards available in India: SBI Card ELITE One of the most sought after SBI Credit Cards, the SBI Card Elite has beenContinue reading

Customer Relationship Management (CRM) in Indian Banking Sector

In recent years, a rapid revolution is transforming the banking industry around the world. In early 1990s, banks and other financial intermediaries have been affected by greater risk and sharp competition due the wave of deregulation in India. Due to cross-border flows and entry of new players and products, banks are forced to adjust the product-mix and modify their processes and operations to remain competitive. Also, better tracking and fulfillment of commitments, multiple delivery channels for customers and faster resolution of incoordination is possible due to extensive use of technology. Today banks are market driven and market responsive and every bank’s CEO is more concerned about how to increase or at least maintain the market share in every line of business against the backdrop of sharp competition. Additionally, the entries of multiple channels and new players have made customers (both corporate and retail) more perceptive and less loyal to banks.Continue reading