The Vibe Journal: Finance Blogs

Credit card late payment charges are one of the many pieces of information about a card that you need to be aware of. Issuers levy this when you don’t clear your bills on time. While credit cards offer many benefits, these charges can increase your financial burden. Therefore, you must be careful of them. Knowing …

Due to your busy schedule and on-the-go lifestyle, you may struggle to pay credit card bills on time. Failing to make timely payment of your outstanding balance will lead to piling up of interest with late payment charges. To avoid this additional cost, you can also pay the minimum balance if that fits your budget …

For lenders, credit repayment history and creditworthiness are two of the most crucial factors when deciding on your loan approval. A borrower’s credit report reflects these factors, which lenders can access through the control number in CIBIL. Also called the ECN number, it is used by lenders to catalogue your credit details. To know what …

Different types of loans help you cover varied expenses by bridging financial gaps. Lenders, such as banks and NBFCs, offer loans based on your usage, eligibility and their internal policies.  You pay interest to enjoy the facility to borrow, so shopping for affordable rates should be your priority when you are looking to borrow. Planning …

The remark of DPD in a CIBIL report is an important detail that requires instant action on your part. It can affect your CIBIL score negatively and is one of many data points captured in your report apart from your credit score, recent credit inquiries and more.  DPD meaning Days Past Due is thus an …

A flat rate of interest differs from a reduced rate, so before you choose a loan, knowing which is better for you is important. Lenders offer various types of interest rates and a suitable option can lower your borrowing costs. Read on to understand flat vs reducing interest rates. What is a Flat Interest Rate? …

You may have heard of lenders who waive loans or write them off. When a borrower fails to repay the loan instalments for 90 days, banks and other lending institutions consider it a bad debt or a non-performing asset (NPA). That is when they take action by either waiving off loans or writing them off. …

Did you miss a few of your EMI payments? An overdue on a credit facility or loan refers to any situation when your loan instalment is not paid by the deadline. You may have missed the due date for many reasons, some of which may not be in your control. Knowing the loan overdue meaning …

Credit card reward points are something that most issuers offer to their cardholders for using the card. With every use, you get a certain number of points depending on several factors. You can exchange or ‘redeem’ these points for products, discounts or a cash equivalent and more. Read on to learn more about what credit …

Credit cards are a powerful financial tool. Understanding APR can help you to manage and use your credit card more responsibly. To learn about what is the annual percentage rate for credit cards, read on. What is Credit Card APR? While some credit cards are cheaper to maintain, some are more expensive. How to make …