Posts

Everything to know about Loan Rescheduling - Capital Hills

Image
If you are an entrepreneur and trying your very best to manage your capital for the business, you might have heard about loan rescheduling. But do you know how you can leverage it? If not, this article would be your ideal guide. We have tried to touch upon some of the important benefits that you can get from loan rescheduling. Let’s get started. The impact of loan rescheduling Affect on the credit score A lot of consumers tend to confu s e the terms of  loan rescheduling  and moratorium in regards to the credit score. While the credit score does not take a hit in the case of the moratorium, no clear announcements have been made for loan rescheduling. This implies that going with the option of loan rescheduling can directly or indirectly impact the credit score. Many may argue that the rescheduling can be reported as “restructured,” which does not lead to a direct fall in credit score. However, it’s important to understand that the lenders can take adapt a defensive approach while they
Post a Comment
Read more

Why is Loan Rescheduling not that easy?

Image
There is no certainty in life, and the same goes for our finances. Some days we may have enough, while certain situations might lead up to more expenses on other days. While this might not cause much of a problem normally, it can surely give you all-nighters if you have a loan payment coming up. Hence, to help out their clients, many private lenders and government banking sectors offer special benefits, such as loan rescheduling. During dire circumstances, such as the prevailing pandemic, Availing this has helped millions of customers safely escape from being red-flagged by credit bureaus. However, every additional benefit comes with a set of terms and conditions for their successful application. But first, let's start with understanding the term. What is loan rescheduling? Similar to what it sounds like, loan rescheduling can be defined as the act of extending the tenure of an existing loan contract. A new agreement is made with the modified dates and loan repayment amounts which
Post a Comment
Location: United Arab Emirates
Read more

Does skipping a payment hurt your credit? | Loan Rescheduling

Image
Your bank or lender approves your loan based on your credit history and credit score. If you have a low credit history/score, then your bank/lender has the right to reject your loan application right away. Good credit is a sign that you have stayed current in your payments, which builds up trust in front of your lenders’ eyes.  Skipping on a loan payment can negatively affect your credit history, eventually affecting your credit score. However, you can extend your loan payment date under certain circumstances, which we will take later. First, try your best to make your loan payment on time. Skipping an on-time payment is an indication to your lenders that you are not serious about paying off your debts, or it shows your financial incapability. Your credit score is entirely dependent on your loan repayment history.   How severe is missing a payment? A recent late payment will affect your credit score more than an older one. A missed payment can stay up your credit report for up t
Post a Comment
Location: United Arab Emirates
Read more

What are Business Advisory Services? | Capital Hills

Image
Business advisory services refer to advisors and experts who help business entities take major financial decisions and offer sound guidance in every step. It allows private individuals to seek guidance with investment expertise in one or more investment areas. The process covers the management and planning of investment portfolios for a fee. Depending upon individual requirements, business or managerial advisory services tailor-made a plan that is deemed best. Key roles in business advisory services include: Reports for financial institutions A financial report contains everything about a business and commercial entities, such as their products, lenders, investors, margin, profits, loss, etc. Preparing a report is essential for planning future business strategies and even approaching an investor. Unless you are a certified financial expert, it's better to leave it at the hands of an experienced financial advisor. A business advisory service can help you with: Preparing
Post a Comment
Location: United Arab Emirates
Read more

Five Situations When you might Need a Financial Advisor

Image
There could be situations when you might need reliable managerial advisory services to keep your finance up and running in a healthy condition. Here are some cases in which you could use some help from an expert financial advisor for sure. Debt management Of the most common reasons for people to hire a financial advisor is for debt management. A financial advisor clearly understands the financial situation of a person and evaluates the options a person could use to their rescue. For instance, a person might think that loan rescheduling is the best option at their disposal, but a financial advisor will be able to highlight the pros and cons of the option before suggesting a better alternative. While consumers can find a lot of debt management companies on the market, it's always advisable to opt for a financial advisor who has handled the kind of situation you're in before. For instance, a financial advisor with most of his experience in retirement cases might not be the be
Post a Comment
Location: United Arab Emirates
Read more

All that you need to know about Debt Rescheduling

Image
Most entrepreneurs find it hard to manage their debts in the early stage of their company. However, it is important to learn the art to stay strong in the long run. In this regard, here are some essential knowledge supplements on debt/loan rescheduling that every entrepreneur must know at the least.   The concept of Debt Rescheduling While debt rescheduling can be a really useful option for many debtors, many people lack clarity about the basic concept of debt rescheduling. Debt rescheduling is the process using which the debtors try to increase the duration of the debt so they can pay it later. Most of the customers opting for debt rescheduling of loan rescheduling are people who have taken education loans, consumer credits, personal loans, and even mortgage loans. The option of debt rescheduling allows the consumers to increase the length of repayment, which eventually decreases the payment amount or the EMIs. Some consumers may also opt to freeze the payment for some time which
Post a Comment
Location: United Arab Emirates
Read more

How do you Reschedule a Loan?

Image
There are two types of rescheduling processes available to you. First, you can refinance a loan to lessen the interest you pay. For this, you have to opt for debt refinancing. In this process, you can turn your 30-year loan into 15 years. However, you have to pay more interest against the principal amount every month. Another process is loan rescheduling, in which you can extend your loan tenure or revise your monthly installment to pay less interest monthly. This is ideal for people who want to maintain their credit score without paying late fees or payments. In certain circumstances, people have to change their job, which often takes a toll on their budget. Loan rescheduling allows you to change your due date, giving breathing space to improve your current cash flow. Most banks favor R&R (Rescheduling and Restructuring) as it helps them reduce their non-performing facility portfolio. Besides, it also maximizes their chances of recovering credit. Consequently, it allows them
Post a Comment
Location: United Arab Emirates
Read more