Benefits Of Using Collections Stack For Debt Recovery
Lendingkart Official Blog
by venkata
9M ago
Collections stack is an all-in-one platform for recovering debt that offers firms a variety of adaptable and effective debt management solutions. It automates managing debts, including sending legal letters, keeping track of payments, bringing legal action, and filing reports with credit bureaus. Businesses may handle debtors without cumbersome documentation using the Collections stack and take additional action as needed. In addition to financial performance monitoring, simplified payment processing, and automated client engagement, a collections stack for debt recovery also offers. Why use a ..read more
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Understanding Underwriting Models
Lendingkart Official Blog
by venkata
9M ago
Underwriting entails an individual or business assuming financial risk in return for a fee. Your loan approval gets determined by this critical step in the mortgage procedure. Usually, loans, investments, or insurance are involved in its risk. Each time you apply for a loan or purchase insurance, you must go through the underwriting procedure, which is essential in the financial sector. A competent financial institution will always have professionals working to keep track of its customer records. It gets done to figure out the likelihood of non-payment. Thus, underwriting still plays a signifi ..read more
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Personal Loan Mistakes to Avoid
Lendingkart Official Blog
by venkata
9M ago
Personal loans can fulfill your financial demands. It can get used for nearly anything, including emergency funding, debt consolidation, or making a sizable purchase. It has never been simpler to apply for a personal loan due to hassle-free online procedures and pre-approved offers provided by banks. Aside from having cheaper rates than credit cards, they also come with risks. Thus, you must be cautious before applying for a personal loan. Have a budget for repayment and be fully conscious of your credit score. Find a financial institution that best meets your needs by comparing the… Read More ..read more
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How To Check For Fake GST Invoices?
Lendingkart Official Blog
by admin
11M ago
The rise of scams involving fake GST invoices is of great concern. Most cases comprise the use of fake GST invoices for incorrect availing of undue input of tax credit (ITC). The government introduced the Goods and Service Tax (GST) as a successor to its predecessor VAT system on goods and services sold. It was implemented in 2017 as an effort to unify the tax systems levied by the center and states and create common tax laws. The last six years have seen an improvement in economic activity; however, there has been an equal increase… Read More The post How To Check For Fake GST Invoices? appea ..read more
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CIBIL Commercial Report for Companies & CIBIL Rank
Lendingkart Official Blog
by admin
1y ago
Introduction to CIBIL and its role in credit reporting CIBIL (Credit Information Bureau India Limited) is a leading credit information company in India established in 2000. It is a joint venture between TransUnion International Inc. and several Indian financial institutions, such as the State Bank of India, HDFC, and ICICI Bank, among others. CIBIL collects credit information from various sources, such as banks, financial institutions, credit card companies, and other lenders. It aggregates this data to create credit reports and scores for individuals and companies. These reports and scores he ..read more
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Gold Loan vs Business Loan – Which is Better Option & Why?
Lendingkart Official Blog
by admin
1y ago
The past several years certainly taught us that life is unpredictable in many ways. It can surprise you when you least expect it, and you might suddenly need money. A medical issue and the need to cover your kid’s education costs could all arise. Also, for companies to succeed and expand to produce enough annual revenue to sustain themselves, access to affordable financing is essential. You can meet these needs by choosing between a gold loan vs business loan, which are both common options. Nonetheless, there are still many people who are unsure whether to… Read More The post Gold Loan vs Busi ..read more
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How to Check CIBIL Score Using PAN Card for Free
Lendingkart Official Blog
by admin
1y ago
A key component in figuring out your creditworthiness and financial stability is your credit score. You can get loans and credit cards with advantageous interest rates and terms if you have a strong credit score. Thus, it is crucial to monitor your credit score constantly. You can start by looking up your CIBIL score. Credit Information Bureau (India) Ltd is a credit reporting agency that compiles consumer credit data from various financial institutions and produces credit reports for each customer. A CIBIL score of 750 is regarded as good, and scores range from 300 to… Read More The post How ..read more
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Term Loans: Definitions, Classification, Benefits & Eligibility
Lendingkart Official Blog
by admin
1y ago
Definition A term loan is a loan that is granted for a set period, typically up to 96 months and must be repaid in regular instalments (EMIs). Term loans are provided to firms for various purposes, including expansion and capital expenditure. These loans have a variable interest rate that is determined by the state of the market. Small enterprises with strong financials or individuals both take these loans. Some key advantages of these loans are speedy money disbursal, minimal documentation requirements, and flexible repayment options. Classification of Term Loans  Short-term, intermediat ..read more
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What is NBFC? Its Meaning, Types, Role And Scope
Lendingkart Official Blog
by admin
1y ago
NBFCs are regulated by the Reserve Bank Of India (RBI) and the Securities and Exchange Board of India (SEBI) in India. NBFCs are essential as they fulfill the financial needs of individuals and businesses. They play a crucial role in the financial sector. They help in the loan process. Understanding the types of NBFCs and the services they offer- “Overview of Non-Banking Financial Companies (NBFCs) and their Services” The specialization in certain sectors allows NBFCs to effectively serve the needs of specific communities, especially those traditionally underserved by more traditional financia ..read more
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What is a Business Registration Proof & Different Types?
Lendingkart Official Blog
by admin
1y ago
Business registration proof is a fundamental requirement for any business entity that wants to operate legally and establish credibility in the eyes of its stakeholders, customers, and suppliers. A business must operate lawfully and access various government services and programs. Without proper registration, a business may be unable to access government services, obtain loans or credit facilities, or enter legally binding agreements. Therefore, it is essential to have a valid proof of registration to demonstrate that the business is operating lawfully and has met all the necessary legal requi ..read more
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