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Unable to Manage Debts? How to Take the Right Financial Decisions?

Financial Decisions

Loss of income when you have too many dues in the market can make life seriously impacted. Mental peace, reputation, legal records, all gets disrupted when you start getting notices from your creditors for non-payment of dues, and recovery of dues and penalties. To bring things into the track, there are some financial decisions you may take. Three commonly taken steps by most debtors in trouble are bankruptcy, debt consolidation, and debt settlement. But which step you would take depends on many factors, which you must understand as you prepare to consult a financial advisor or lawyer. Accessing your situation, and finding out what fits for you is a prime requirement to deal with unmanageable debt.

Considering Bankruptcy

You would consider declaring bankruptcy when your situation may be like this:

  • Your debts are too high for you to pay and you have no funds at all or very meager income which hardly suffices for your basic survival.
  • You see no chances in the future to earn a sufficient income ever so that you may lead a good life and pay a lowered settled amount towards your creditors.
  • You do not care at the situation about your credit score or market reputation and reliability as the debtor.
  • You just need to get out of the situation at any cost.

But it’s good to keep in mind that declaring bankruptcy should be the last option for you, and should not be a healthy choice in the first place. Every person has some hope to get funds or earnings from any source, and you should also try so, and rather think of settling the debt than to give up.

Considering Debt Consolidation

Considering debt consolidation is an option when your situation may be like this:

  • You have multiple debts
  • You are paying high rates of interest for your debts and are looking for a low rate of interest loan to replace the current loans.
  • You are having trouble tracking the loans and their EMI payment dates and getting all the more confused with the debt management.
  • Often you are having trouble paying all the EMIs at different times of the month due to a shortage of funds or slipping out of mind.
  • You have estimated that you can squeeze out a certain amount every month to pay for a single consolidated loan in case you get one approved to pay off all the current dues.
  • You are ready to handle the debts and pay them off instead of escaping and want a reasonable fix for the situation.
  • You do not want your credit score to be affected any further for the nonpayment and missed dues, and you want to rather improve the credit rating in future.
  • You have a residence proof which shows you staying at the same address for at least six months.
  • You have a stable income which would help you apply for the new loan
  • Your credit score is not highly impacted and still shows a reasonable rating to get the loan approved.

If all the points above apply to you, then you are the right candidate for debt consolidation or put it this way, that debt consolidation is a good option for you.

Considering Debt Settlement

Debt settlement is the option for you if you are in the following situation:

  • You have one or more debts which are too big for you to handle
  • You struggle every month to pay for them
  • You have missed one or more payments for a loan, or you feel you are completely unable to pay in the days ahead.
  • You have no stable income, or your earnings are not sufficient to let you pay for the EMIs after deducting basic survival expenses.
  • You are in such a condition where you have become mentally or physically challenged and cannot work further to earn.
  • You have ample time at hand to wait for a settlement, and till that time you are not running away anywhere.
  • You know that your credit score has been affected due to your irregular payments of the installments, and yet you are not seeking an immediate improvement of the credit score through the settlement. Rather you realize and accept the fact that the credit rating will be impacted with time as the settlement goes from initiation to finalization.
  • You are preparing to arrange the lump sum amount to settle the dues after settlement and anticipate gathering the amount by the time the settlement proceeds.
  • You are ready to bear the expenses for paying the required fees to the debt settlement services.

When you see that many of the points above are true for you, then you may plan a debt settlement. In fact, unlike debt consolidation which is applicable only for multiple debts, a debt settlement is applicable even for one single loan if the amount is unaffordable for you. But some research work and feedback study must be done before you proceed.

Things to know before you go for debt settlement

Debt settlement is an important decision and needs to be taken care of by seeking the help of financial consultants and debt settlement advisors. You can choose a debt settlement service by going through other people’s reviews in your area. Services get their debt settlement ratings based on which you may choose one.

Also Read: Debt Settlement Programs will aid in Improving Your Financial Position

Things to know before you go for debt consolidation

If you are considering debt consolidation, then you must be sure that debt consolidation is possible only when you show a promising income to pay for that new consolidated loan with proper proof of residence and earnings. Also, you must have the minimum credit score to get the loan approved at a low-interest rate. You won’t need any agent or consultant ideally to go for the loan, but hiring one would be your personal choice. Besides traditional banks, there are websites and online banks through which you may apply to multiple sources for a debt consolidation loan.

Hello Readers, Welcome to BlogDada :) I am Pavitra Kumar, A Internet Marketer by Profession and A Blogger by Passion. Young active Blogger from India, Write about Blogging SEO Tips, Review of products and many more. This blog for anyone who runs their own blog or wants to Become A Blogger. Know More About Me.

1 Comment

1 Comment

  1. Inksplore

    September 28, 2018 at 11:43 am

    Hi Pavitra,

    Excellent article, love the way you have explained those financial terms. Debt settlement is a highly lucrative business, morgan stanley and other financial firms make millions of dollars from such recoveries. As much as motivational speakers punch about not going into debt, making a business survive in this extremely competitive world leaves no other option for a business personal other than to go under debt itself. Thanks for the post.

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5 Ways A Blog Benefits Can Benefit Your Business

Benefits of a Business Blog

Many people assume that blogs are best-suited for bloggers who want to share their personal stories or for entertainment purposes. While there are estimated hundreds of millions of active blogs online, of various topics, a blog can benefit your business.

Whether you’ve been trying to decide if a blog is right for your business or if you are looking for some new ways to increase your business, check out some of the benefits of a business blog.

1. Attracting Potential Clients

Whether your business is a specialty boutique or a startup that provides specific services to your community, a blog is another great way to attract potential clients. Even if you use social media to promote yourself, your posts need to be short and to the point to get noticed.

When you add a blog to your business site or link it to your social media profiles, you have a great opportunity to connect with your target audience. A blog allows you to explain what you do, who you are, and the services you offer without “selling” yourself to potential clients.

East Rutherford attorneys blog regularly and notice an increase in consultation requests after a prospective client reads their blog. Since legal issues can often be difficult to understand, the firm uses a blog to explain and clarify legal issues, so that potential clients gain a better understanding of the type of legal help they need.

2. Create Relationships with Your Customers

Regardless of what type of business you have, your blog can help you establish and maintain relationships with prospective, past, and current customers. Since a blog can also help you become an expert in your industry, customers are more likely to leave comments or ask questions after reading a blog post.

If you respond quickly and frequently to the comments (whether negative or positive), you can help create and improve relationships with your customers. Not only are you setting yourself apart from other businesses similar to yours, but your customers are more likely to see your business as a “real” business run by real people.

3. Address Frequently Asked Questions

FAQ sections are popular and are undoubtedly a helpful feature of any business’ website, but they can often be a little boring or lacking in-depth information. A blog is a great way to engage with your customers and answer frequently asked questions in a more unique and in-depth way.

4. Boost Traffic to Your Site

Even if your business is part of a brick and mortar establishment, you benefit from having a company website. An excellent way to increase traffic to your business site and boost search engine optimization is to have a blog. By creating new content regularly, with your blog posts, you’re adding new content you’re constantly improving your online presence.

Keep in mind that it may take a short period to see an increase, and you need to create new content consistently, but it ends up benefiting your business.

5. Blogging can Boost Creativity and Excitement About Your Business

As a business owner, you’re likely to have moments where you feel like you’ve run out of ideas or even feel a little stagnant. Nearly every business experiences this frustrating moment and blogging may help you get out of your “funk.”

Writing about your business’ mission or the things you are passionate about in your business can breathe life into your business and even remind you why you are doing what you love.


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Food Delivery Apps– Take Best Coupons, Voucher Code from

Food Delivery Apps

For shopping lovers who wish to have everything on click for each need, these top delivery working very well for them as the user can browse, order, pay and get the food delivered at particular spot informed. Food delivery app today has given choice to select all nearby restaurants for all cuisine available whether you link Punjabi, Thai, North Indian or Fast food, they can offer you everything from favorite restaurants of your choice in affordable rates. IndiaShoppers gives you the opportunity to save extra bucks while you are ordering for food on mobile delivery apps like Swiggy, Faasos, Uber eats, Foodpanda, Dominos, Pizza Hut and a lot more to choose. While using IndiaShoppers will be beneficial as you will save time, by not visiting so many sites for food ordering where you have visit only one site IndiaShoppers where all the app stores are available to compare, make free registration at IndiaShoppers which will give awesome updates on all amazing deals and discount coupons available for these food delivery apps. Let’s check what delivery apps are where you can find your best food in your city from favorite restaurants:


Ordering for food online through Swiggy really a great choice, as Swiggy have entirely great website as well as mobile which can offer you food from all international cuisines from top restaurants which is available near you, where you can choose top food chains like Burger Point, Subway, Dilli6 express, Behrouz Biryani, Pizza Hut or Dominos etc. Choose any payment mode to select best and quick delivery to you but don’t forget to take your Swiggy Coupons Code for IndiaShoppers have to awesome pricing for your Pizza or fast food is chosen. You will find any reason to IndiaShoppers as you can find everything at one stop only related to food ordering, as it will many other restaurants in your city with great offers.


Getting rid of food deliveries, no response of delivery boy just give chance to Faasos which will amaze you with on-demand food ordering segment, with about 60 items on the menu. Where user can find almost top specialized Paneer Wraps, Chicken Wraps, Mushroom Wraps, Egg Wraps with amazing Faasos Coupons even available for Party Orders through You can visit Faasos Coupons and offer section where all products are available with Kulcha, Chicken Kheema Bowl, Rice Tub, Mutton Bhuna Bowl and lot more exciting deals available for Faasos with


Endless menu items from top big restaurants of India working nearby you like Chai Point, Food Expresso, Burger King, Biryani Blues, Behrouz Biryani, Stanley ka Dibba, The Lunch Box, Southern Junction, Crrysum, Giani, Wat a Burger etc. Uber eats offers you healthy food with amazing pricing and quick delivery. Started in few cities but counting increasing with great speed where you can get 100% amazing taste of restaurants of your choice. Just avail best Uber eats Coupon from India shoppers to have the right prices when you will order next time. Not only based upon the product you choose, there are lot more options to order online with amazing new users coupon codes or may be existing users will also be rewarded with amazing exclusive offer codes.

In the nutshell, in today increasing demand of food ordering online in each city for Students, Professionals or any family parties everywhere recommendable to choose IndiaShoppers only when you are going to place next order for food ordering, as it will reward you with extra cashback on top of every discount which brand is offering you. Really amazing deals to have IndiaShoppers with you for each need not only food it can also be used for e-commerce, travel, recharges, cab booking, utility bill payments, movie ticket booking and more way to save with being a loyal user of

Also Read: A Complete Guide on How to Start and Monetize Your Food Blog

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Frequently Asked Question related to Demat Accounts

FAQs on Demat Accounts

Demat account means a way to hold securities in an electronic format. Similar to a bank account where you can transfer and receive money without using paper money, in a demat account, you can electronically buy and sell shares on the stock market without utilizing physical share certificates.

A demat account also serves as a safe deposit for your investment securities and holds various certificates of your financial instruments such as mutual funds, shares, bonds, government securities, and exchange-traded funds (ETFs) in a dematerialized form.

Now that India has embraced Dematerialization, it is essential for an investor to have a demat account before they start trading in Indian markets.

With this in mind, let’s take a look at some of the frequently asked questions (FAQs) about a demat account that every investor must know.

What Is A Depository?

A Depository is similar to a bank where investment securities are stored in a dematerialized, i.e., electronic format. There are two depositories in India namely National Securities Depositories Limited (NSDL) and Central Depository Services Limited (CDSL).

What Is A Depository Participant And How Can It Help Me With A Demat Account?

An investor can open a demat account with a depository participant (DP), which is an agent of the depository. According to the Securities and Exchange Board of India (SEBI) guidelines, banks, financial institutions, stockbrokers, custodians, etc., can become DP with a depository.

The services offered by the DP are listed below:

    • Demat account opening and maintenance.
    • Dematerialization of mutual funds and securities.
    • Rematerialisation of mutual funds and securities.
    • Transfer of mutual funds and securities.
    • Pledging, unpledging or invocation of securities.
    • Freezing or un-freezing an account.
    • Account modification.
    • Account closure.

How Can I Open A Demat Account?

There are certain steps involved in order to open a demat account.

  • Select a DP you wish to open your demat account with.
  • Make copies of required documents such as address proof, PAN card, income tax returns, bank statement of the last three months, passport size photographs, and a crossed cheque.
  • Fill up the account opening form and submit the copies of required documents as proof of address and proof of identity as per SEBI guidelines. Along with the form, you also need to present your original PAN card at the time of opening the demat account.
  • Following the form submission, the DP will open your demat account in their system, and generate a unique account number, also known as BOID (Beneficial Owner Identification number). You can use the BOID for all your future transactions with the broker.

What Are The Essential Features Of A Demat Account?

By holding your securities in a demat account, you can achieve the following:

    • A demat account can eliminate forgery as manipulating paper is easy but shares can’t be forged electronically.
    • By using a demat account, you will ensure that all your investment securities are collected safely in one place meaning no loss or misplacement issue.
    • With a demat account, your securities are permanent and recorded digitally, thereby omitting the chances of paper decay or ink erosion.
    • All the transactions made are hassle-free and less cumbersome since you don’t need to carry physical certificates every time you trade to the buyer of the seller.

How Many Demat Accounts Can I Have?

An investor can open more than one demat account. Moreover, one demat account can be utilized to track multiple trading accounts.

What Are The Brokerage Charges And The Annual Maintenance Fee Involved In A Demat Account?

Brokerage charge is the amount that you have to pay when you buy or sell shares. The charges could either be levied in the form of a percentage or a fixed amount. For instance, if the brokerage fee is 0.5%, then you will have to pay 50 paise every time you purchase shares worth INR 100. The charges are different for trading in financial markets and mutual funds.

The annual maintenance fee can vary between INR 500 and INR 2,000, depending upon the agents and the services they provide.

Additional charges such as demand charges (the fee to dematerialize stocks in paper or certificate format), advisory fee, and ad-hoc account statement fee can also be levied.

Can A Person Operate My Demat Account On My Behalf?

You can authorize any person to operate your demat account by executing a power of attorney (POA). However, it is necessary to submit a notarized copy of the POA to your DP.

Since the inception of demat account, trading has become an easy avenue for investors to earn profits. Moreover, you can make transactions at the click of a button, at your own convenience!

Thus, opening a demat account is worth it and would be valuable in numerous ways for your trading and investment pursuits.


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