The Hidden Costs of Convenience: Navigating the Loan App Landscape
These days, getting a loan is as easy as tapping your smartphone. Loan apps promise quick cash with minimal fuss. But you might ask, is this convenience too good to…
Understanding the SARFAESI Act: Protecting Borrower Rights
In 2002, the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act was passed, and it is a key aspect of Indian law. To enable financial…
Alternative Data’s Impact on Loan Approvals: How Non-Traditional Measures Are Changing the Rules
The fields of loan approvals and credit rating have been quietly revolutionizing themselves in recent years. Conventional indicators like credit card usage, loan repayment history, and outstanding dues are the…
Mastering Your Money: Steps to Avoid the Debt Trap
In the simplest sense, it is like quicksand; the more you try to get free from it, the deeper you get into it. This is the borrowing, repaying, borrowing, repaying—strange…
Understanding the Role of the Ombudsman in Loan Settlement Disputes
When you take out a loan, whether for a house, car, or education, you expect the process to go smoothly. But what happens if something goes wrong? If you find…
A Complete Guide to Examining Peer-to-Peer (P2P) Lending
Peer-to-peer (P2P) lending has revolutionized how people and companies obtain capital. P2P platforms provide an alternative to conventional banking practices by utilizing technology to establish direct connections between borrowers and…
Debunking Myths About Loan Settlement: What You Need to Know
When someone finds themselves overwhelmed by debt, they may explore settlement as an option, but loan settlement comes with its own set of misconceptions. Before getting into the whole process,…
Managing Multiple Debts: A Practical Guide to Handling Unsecured Loans in India
One of the most overwhelming feelings in this world is the burden of multiple loans like personal loans, credit card dues, and payday loans, especially in a society like ours.…
Challenging a Bank-Appointed Sole Arbitrator in Lender-Borrower Disputes
The ideology behind incorporating Alternative Dispute Resolution (ADR) into the legal mainstream is twofold. First, it aims to provide speedy redressal for various legal issues that arise between parties. Second,…
Legal Allies in Loan Settlements: How Advocates Can Make All the Difference
In recent years, loan settlements have become increasingly intricate, often involving multifaceted legal and financial considerations. As more borrowers face financial distress, legal advocates have emerged as essential partners in…