How can a simple ’Credit Utilization Ratio’ impact your borrowing power in India? An explainer
1 year, 4 months ago

How can a simple ’Credit Utilization Ratio’ impact your borrowing power in India? An explainer

Live Mint  

In the world of managing your money, there's something important you should know about – it's called the "credit utilization ratio." If you use a lot of the water in relation to how much you have, that's a high credit utilization ratio. A lower credit utilization ratio is typically associated with responsible financial behavior, contributing positively to your credit score. Credit limit increases Asking for higher credit limits from your credit card issuers can automatically lower your credit utilization ratio. By following these steps, you can master your credit utilization ratio, show lenders you're a trustworthy borrower, and pave the way for better financial opportunities.

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Did you know you can raise a personal loan to maintain a high credit score?
4 weeks ago

Did you know you can raise a personal loan to maintain a high credit score?

Live Mint  

If you are in urgent need of money and your credit card's limit is close to running out, you may consider raising a personal loan instead. Instead of exhausting the entire limit of this card and avoiding applying for another credit card at the eleventh hour, you can instead raise a personal loan. For instance, when your card limit is …

Explained: How worsening water crisis can hurt India's economy
5 months, 4 weeks ago

Explained: How worsening water crisis can hurt India's economy

India Today  

India's worsening water crisis poses a significant threat to the country's economic stability, Moody's Ratings has warned. Impact of water crisis on Indian economy Moody’s explains that the escalating water shortage, driven by high consumption amid rapid economic growth and frequent natural disasters, can "exacerbate volatility in India's growth." According to the Ministry of Water Resources, India's average annual water …

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