How to Rebuild Credit After a Loan Default
Defaulting on a loan is a challenging experience that can significantly impact your credit score and financial opportunities. However, default doesn't have to be the end of the road. With…
Stuck in Debt? Causes & Solutions under Indian Law
Finances can be nightmares in today's world, particularly when debts build up and become unmanageable. Such situations often trap individuals in endless cycles of financial distress. Escaping this requires understanding…
Fluctuation of Interest and Late Charges in Loans: Understanding the Impact on Borrowers
Interest is one of the primary factors in repayment terms for both personal and business loans. However, fluctuations in interest rates and additional charges can alter the entire repayment plan.…
Loans Against LIC Policies: Pros and Cons
A popular financial option these days is a loan against LIC, especially for those individuals who are ready to submit their life insurance as collateral to meet any urgent financial…
From Waiver to Recovery: Strategies to Improve Your CIBIL Score After Settlement
An important consideration when evaluating your creditworthiness for credit cards and loans is your CIBIL score. A poor score can seriously impair your ability to obtain credit, particularly after a…
How Sole Arbitrators Handle Disputes in Loan Agreements
Lenders are increasingly including clauses in loan agreements that mandate Online Dispute Resolution (ODR) for any disputes arising between them and the borrower. While ODR offers a faster and potentially…
When Borrowers Reach a Breaking Point: Banks and NBFCs Under the Lens
India is a land of vibrant colors, where dreams are as big as the hearts that carry them. However, a growing menace is spreading across the country like a plague.…
Global Lessons: Improving India’s Debt Recovery Practices
In the global landscape of recovery practices, each chapter tells a story of both victory and adversity. Despite India's flourishing economy and ambitious strides, it still struggles to maintain a…
Horrors of Recovery Practices in India – Case Study
India's legal landscape has witnessed pivotal cases that challenge unethical loan recovery practices, highlighting the imbalance between lenders' rights and borrowers' dignity. Loan recovery agents, often acting on behalf of…
Understanding Loan Default: Causes, Consequences and Legal Remedies
In today’s world of easy credit, many people are lured into chasing quick money and lifestyle upgrades. The allure of instant gratification often outweighs the long-term consequences, leading to financial…