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  What parameters should you consider while applying for a Car Loan? Having a vehicle of your own has become a mandatory lifestyle necessity, as cities and towns continually develop leading to rise in jobs and occupations. People’s lifestyle choices either change or grow, public commutation may not always be accessible at your convenience. To own a vehicle of your own , you would be looking at financing options, and there are many options in the market to finance new and used cars. But there are some key parameters you need to keep in mind before selecting your financing option. Let’s take a closer look at these parameters: 1.        Credit score Credibility is a very important parameter to look at. In this case you are the borrower, banks and other financial institutions need to validate your credibility to grant you a loan or finance. Keeping a track of your credit score and making sure you have a score of 750 or above is important.   2.        Loan tenure Banks and fin

  Your First Credit Card? Here are Some Smart Ways to Use It Choosing your first credit card can be very intimidating with the numerous options available in the market. But getting your first credit card is a milestone achieved, as you are one step into financial independency. However, it is still important to use your card wisely as it will build your credibility and when in future you would require a loan, this credibility will help. Here are some tips to use your card wisely: 1.        Budgeting Managing your spends is extremely important when it comes to credit cards, as you pay interest on the money you borrow. Credit cards present us with great pay back options even when we don’t have the money in the present, but this often leads to overspending, which impacts your credit score. Hence, having a clear breakdown of your budget is extremely important before spending with your credit card.   2.        Rewards and cashbacks Credit cards pack many rewards, cashbacks, disco