EMI Moratorium: Should You Opt?

Following RBI’s Covid-19 regulatory package, your bank may have provided you an option to not pay loan EMIs or credit card payment until May 31, 2020. As a borrower, should you opt for this? In this post, let’s look at the impact of opting for the EMI/payment moratorium for term loans (home loans, personal loans, education… Continue Reading

RBI Enhances the Security of Credit and Debt Cards

My current credit card expired recently and I was issued a fresh card by the bank. An interesting thing about the new card was the it permitted contactless transactions. Call me paranoid but I was not very comfortable with the contactless feature. I asked the bank to switch off the feature but the bank declined.… Continue Reading

Credit Card vs Charge Card

Credit card have a closer cousin, Charge Cards. Charge cards are not very common. As I understand, only American Express offers charge cards in India. To add to the confusion, American Express offers credit cards too. With respect to the usage, there is little to differentiate between a credit card and a charge card. You… Continue Reading

Reducing the Impact of a Credit Card Fraud

Online frauds are on the rise. Almost on a weekly basis, I hear new ways of customers being duped of their hard-earned money. Of late, the UPI frauds have been on the rise, where the fraudsters call/text you on one pretext or the other. You eventually end up installing malicious software on your phone or… Continue Reading

How to Get a Credit Card if You Do Not Have a Job?

Online shopping is getting increasingly popular these days. There is convenience, variety and yes, discounts. Moreover, these online retailers keep running offers on various credit cards. As a buyer, even if you don’t like to use credit cards, you wouldn’t want to let go of easy discounts or the No-cost EMI option. Despite your dislike,… Continue Reading

Look for These Signs of Debt Trouble

Recently, I read an excellent article from Uma Shashikant about the signs of a person battling with debt. Remember, the person who is in debt trap or nearing one may not tell you if that’s the case. However, if you see such signs and realize that your friend or family member is struggling with debt,… Continue Reading

Making Loan Repayment Using Your Mobile Wallet

Technology has made things easier for most of us. From purchasing gadgets and groceries to making travel and hotel bookings, everything can now be done in a few clicks or taps. Mobile wallets such as PayTm, Amazon Pay and PhonePe have add to convenience in a big way. You can now easily make your mobile,… Continue Reading