20 Myths about home loans in India

20 Myths about home loans in India

You are living in an information age so relevancy of information for any loan especially for a home loan is not difficult for you, however getting the right information is still a challenge and this post will convey the 20 home loan myths that many people believe in. There are many reasons behind these myths like information overload, half-truths, misconceptions or misinterpretation. Here are 20 myths about home loans

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What is a CIBIL report and what does it contain

What is a CIBIL report and what does it contain

All lenders need to be sure that you will repay the money that you are borrowing. To ascertain if you will pay the money back they refer to the Credit report or CIBIL report. The first step to having a good credit score is to understand what credit report is and what components it has, therefore it is important to know what is a CIBIL report and what does it contain. Conceptually the credit report reflects how you have borrowed in the past and what your credit history has been like.

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Top 5 Credit Score Myths

top 5 Credit Score Myths

Over the years as the credit score has become more mainstream the consumers concern with their credit scores has increased due to many erroneous believes and credit score myths. These myths have gained legitimacy simply because they have been repeated enough times by many people.

However, a myth is not important in the real world as it has no credence, it only effects our decision making as we factor that myth in our decision process.

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Should you have multiple credit cards

Should you have multiple credit cards In this fast world were people have less time and more things to look at, it is natural that they would rely more on plastic money than carrying liquid cash. In the ideal world, we would need one or two cards to meet our needs of plastic money. However as we are exposed to a world of sales calls, emails and SMS’s from banks trying to sell us a credit card we might end up taking more than one credit card. We at mymoneykarma want to share the unbiased perspective of positives and negatives of having multiple cards so that you can make a decision of what works best for you.
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11 IMP things to know before you apply for a credit card

11 Important thingsA credit card may appear like simply one more instrument to help you transact in a cashless manner, however it can be significantly more. Whenever utilized correctly, a credit card can help you build a decent credit record as a consumer, permitting you to get benefits of a having a good credit score. Basically, a credit card can be significantly more valuable than your debit card if you use the credit card in the correct way.
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