Blogs.

Loan defaults don’t all happen for the same reason. Sometimes repayments stop because income drops or a business struggles. In other cases, borrowers continue to have the means to pay but choose not to. RBI treats these two situations very differently. 
'Wilful defaulter' is used only for deliberate non-payment, and the classification tends to persist for some time.
 

Freelancing and gig work are booming in India. In fact, the number has reached over 7.7 million according to NITI Aayog. 21. And that number is set to reach 23.5 million by 2030.

A friend tells you to check your credit report before applying for a loan. You expect everything to look normal, but an active loan appears that you do not recognize. You start panicking and overthinking about now what.

Rohan cleared his credit card bill before applying for a personal loan. Even then, his credit report still showed the old balance, leaving him confused about his score.

Applying for a personal loan today is much easier than it was a few years ago. You can check your eligibility, upload documents, and complete the application process without stepping into a branch.

Do you need money in a hurry? You don’t have to queue at a branch or chase a relationship manager anymore.

Borrowing has never been easier. But knowing your rights as a borrower? That part still trips people up.

Salary day passed. The account did not move. The rent reminder arrived anyway.
For most salaried households in India, even a few days without the expected credit throws everything off. Under the Payment of Wages Act, employers are legally required to pay within seven to ten days of the wage period ending.

Picture this. Two years of paying every bill on time. Then the CIBIL score drops 35 points in a single month with nothing in the payment history to explain it.