Katyaini Kotiyal

With the easy availability of loans, many people consider borrowing to meet different financial needs. However, lenders don’t approve loan applications without proper evaluation.

Unexpected costs, including medical emergencies, essential home or car repairs, or necessary travel, can catch you off guard. It might be challenging to wait for a loan under such circumstances.

Siya, a freelancer, dreams of a long holiday in the Maldives. It became a reality via a personal loan. The EMIs fit her steady monthly inflows.
Then life happened. One of her biggest clients suddenly paused payments, cutting her income by nearly 40%. Bills did not wait. The EMI date kept inching closer. With cash flow tight, Siya began to worry. A missed payment could damage her credit score and create long-term stress.
 

Rohit received his first salary credit and felt proud. A few months later, a colleague casually asked him, “Have you filed your ITR yet?” That single question created instant confusion. He had tax deducted from his salary, so what else was left to do?

Your financial life probably runs on recurring payments, monthly EMIs, insurance premiums, a SIP, utility bills, etc. These get deducted on the same date every month.

UPI (Unified Payment Interface) has made credit card bill payment easier than ever before. With just a UPI ID and your favourite payment app, you can clear your credit card dues instantly, securely, and without dealing with complex banking steps.

The short answer is no; checking your own credit score does not affect it. Such occurrences are referred to as soft inquiries and are completely harmless.

Today, UPI has emerged as a complete game-changer for individuals. This payment system is highly efficient and imperceptible to the user, and it has completely supplanted the traditional, still unbranded way of transacting, making it a necessity in the digitally adept era.

Every month, money moves in and out of our bank accounts in small and big ways. In the middle of all this activity, many people stop to check their actual bank balance.