What happens to your credit score when you fail to make a credit card payment on time?
Always make credit card payments on time to maintain your CIBIL Score. YES, a single failed credit card payment can drop your credit score. Even though a failed payment may have been a mistake or the inability to pay (we all have financial difficulties), lenders view this negatively. They may affect your ability to obtain […]
What are the top five challenges for MSME business loans?
Approximately half of India’s exports are attributed to the Micro, Small, and Medium Enterprises (MSME) sector, contributing more than a third to the country’s GDP. According to the MSME Ministry, the Udyam Registration portal has registered over one crore MSMEs. The development of the MSME sector boosts India’s manufacturing output, employment generation, and national exports. […]