On daily basis i receive large no of queries on Credit Score Rating. As i keep highlighting that currently, the credit bureaus consider more than 70 data points to arrive at you credit score rating. In my opinion, it is mostly an eye wash. At the end of the day what matters the most is a handful of data points. I shared these critical factors in my post, Credit Report - 5 Important Factors that decides your credit score. Secondly, you cannot expect an overnight change in your credit score rating. Credit Score is a reflection of your credit behavior and may take up to 6-9 months to reflect in a ... Read More
Social Media Accounts – 7 Reasons Why I Deleted Personal Accounts
Social Media Accounts are both blessing and a curse. I still remember one of my first social media accounts was with Orkut. I was quite excited with a thought of being connected with my friends, family members, and acquaintances. Similar to a mobile phone, these days there is a common chatter to take a break/holiday from Social Media. I think one of the reasons is that we are over-connected now. There is no official count available on no of social media networking sites. My personal observation is that on an average an individual has 5-6 active social media accounts. Trust me if you are truly ... Read More
5 Tips to Save Time from Daily Routine
One of most common complaints these days is that "i don't have a time". This post is my contribution on how to save time from your daily routine. To save time is an art not everyone can master the same. Time is Money, and Everyone has 24 hours during the day. To save time means better productivity. It depends on individual to individual how they utilize 24 hours. The world's richest person also has 24 hours so as the poor person in the world. If we adjust sleeping time and other daily routines, then we are left with approx 14 hours during the day. In last few years, i could not find someone ... Read More
11 Business Ideas Without Any Investment
"Tell me some good Business Ideas" is the most frequently asked question by my friends and clients. Last week, one of my friends again posed this question to me. I suggested few business ideas depending on his social profile but till the time discussion was over the entire enthusiasm fizzled out. Let me admit honestly that everyone is looking out for some good business ideas but it requires a lot of courage to start the same. In my post, 5 ways to create second income i wrote some business ideas from the personal finance perspective. This post on Business Ideas without any investment will be ... Read More
Should i opt for Social Media Banking?
Social Media Banking or Social Media Money Transfer is the new buzzword in the Banking Sector. Banks are trying to tap the growing popularity of social media. Mobile Money Transfer is future. Currently, in Mobile Money Transfer space 4 major experiments are happening simultaneously. These are Social Media Banking, Mobile Wallet, Mobile Banking Apps and IMPS. There is possibility of some overlap between 4. We discussed IMPS - Immediate Payment Service in my previous post. Predominantly, IMPS is the backbone of Mobile Banking as most of the new experiments are utilizing IMPS. Mobile Wallet, We ... Read More
11 Tips to Prevent Identity Theft
Identity Theft is one of the by-product of technological evolution. World was more secure when there was no internet, photocopier or scanner. Identity Theft can be disastrous for any individual. Recently one of my client's Home Loan was rejected because of low CIBIL Score. I advised her to pull out CIBIL Report. When i checked her CIBIL Report i found that Rs 200000 outstanding was written off against her credit card. She never applied for this credit card. The credit card was issued at her old Delhi address before she shifted to Mumbai. It was a clear case of Identity Theft. Worst part is ... Read More