WHAT IS RBI’S DIGITAL RUPEE (CBDC) IS IT CRYPTOCURRENCY?
WHAT IS RBI’S DIGITAL RUPEE (CBDC)? 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 likely to play […]
HOW DOES BUY NOW PAY LATER HELP YOUR BUSINESS?
Buy Now Pay Later BNPL, or Buy Now Pay Later, is a direct microloan with a specified limit that facilitates budget-conscious buyers who opt for small-ticket buying and repay the amount they have borrowed later on. It is not a secured loan and must be paid within a repayment cycle of 14 – 90 days, […]
ARE CASH CREDIT AND OVERDRAFT FINANCIAL PRODUCTS SAME?
CASH CREDIT AND OVERDRAFT 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 loan for business needs: This article […]
ADDING POSITIVE CREDIT HISTORY TO YOUR CREDIT REPORT
POSITIVE CREDIT HISTORY 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, and even find a job, you’ll need […]
WHY DO CREDIT CARD ISSUERS LOWER CREDIT LIMITS?
CREDIT CARD ISSUERS Credit card issuers can often increase or decrease credit limits without notice, even lowering your 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 of your current debt. Sometimes, they generally cut […]
WHAT HAPPENS IF YOU ONLY PAY THE MINIMUM ON YOUR CREDIT CARD?
WHAT HAPPENS IF YOU ONLY PAY THE MINIMUM ON YOUR CREDIT CARD? 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 […]
HDFC CIBIL SCORE
Check Our CIBIL Score Before applying for HDFC Loans What is CIBIL Score? The Credit Information Bureau of India Ltd. (CIBIL) is India’s oldest credit information provider. Your CIBIL score determines creditworthiness, a three-digit number between 300 and 900. The creditworthiness of the individual is higher when the CIBIL score is higher. The value represents […]
PRACTICES TO CONSIDER FOR UNCOLLECTIBLE RECEIVABLES
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, the sale is accomplished with the invoice generation, but […]
B2B DEBT COLLECTION: 5 MAJOR RISKS OWNERS AND AR MANAGERS SHOULD BEWARE OF
Business, product, and sales are the three key drivers of any business. But most of the times businesses only focus on their product and the third one rarely receives any attention. It is because they consider collecting cash as a given purpose. However, the success of any B2B company also depends on its ability to […]
PROVEN WAYS TO BUILD AND INCREASE YOUR CIBIL SCORE
A credit score plays a vital role when applying for a credit card or loan. It is a three-digit number that reflects an individual’s creditworthiness to financial organizations or banks. To calculate your credit score, your credit history is analyzed, consisting of information like your payment history, the number of credit cards in use, and […]