3 Important Points to Know About Your Credit Card

 Although there are a large numbers of credit card users in India, still the proper way of using and understanding a credit card remains a mystery for many. As per the research done by the finance investment companies in Kalkaji Delhi, every year hundreds of credit card users complain about the inconvenience of calculating the interest or fees and getting abusive calls when not able to pay their credit card bills for a long time.

Understanding the credit card bills:

In case you purchased a free card make sure that the fee doesn’t soar high after the first year or two. The joining fee and how much would you have to pay for late payment charges are two important things to know before getting a credit card according to finance investment companies in Kalkaji Delhi. Also, the highest fee is charged when you fail to pay your credit card bill in full by the due date. Under such circumstances you may have to pay an interest of up to 42% on the unpaid amount, plus a service tax of 10.30%. You may also lose your interest-free period for the next cycle if you haven’t cleared all your bills in time.

Credit Card for Loan:

Did you know that your chances of getting a loan approved depend on your credit card usage score? In India the credit card usage score is maintained by an independent agency known as Credit Information Bureau India Ltd. This score is basically a snapshot of your credit worthiness, where a high score depicts that you are highly likely to pay back your loans and a low score that you are not. So, be prompt in handling your credit card bills and get an easy approval on loans. The credit score ranges from 300 to 900 and is constantly reassessed.

Dealing With a Stolen Credit Card:

Finance investment companies in Kalkaji Delhi is of the view that there’s a lot of misunderstanding among credit card users regarding a stolen credit card. Technically the issuer’s responsibility comes in only after your report the loss of your credit card. So, if your card was used to make purchases before you reported it, you would be responsible to pay that money back. Next time you find yourself in such a situation, delay not and dial the number of your issuer to avoid shouldering the expenses that you haven’t made.

Some of the Most Important Tips for Investing

Although financeinvestment companies in Malviya Nagar Delhi are truly reliable in their operations, yet it’s very important that you follow certain rules to be a profitable investor. Being an investor also involves a degree of risk. Hence, knowing the pros and cons will help you work out the best kind of investment you should consider.

Fix Your Goals:

Always make an investment based on your requirements. If you are free of debts and are prepared to take high risk then equities and mutual funds will certainly work for you. On the contrary, if you are a professional or an entrepreneur who wants to create a regular source of income or a financial back up system, a regular monthly income bearing plan from a finance investment company Malviya Nagar would be the best. So, choose a plan as per your needs and not just because every other person in the town is doing it.

Do Your Research:

Don’t just reject a finance investment company in Malviya Nagar because it’s new to you. Research and compare – go online, talk to the executives of the brand, or accountant. It is also suggestible that you read documents of authenticity like investment statement/ Brochures etc. relating to the brand for clearing all your doubts.

Spread Your Risk:

With a lot of investment plans available in the market, it’s highly recommendable that you do not jam all your money in a single investment plan. Spread your risk around different options and different companies. This not only helps you to create a diverse investment portfolio, but also in balancing the risk with the ROI of other investments in lower risk areas, like fixed Deposits, Inter-Corporate Deposits or other lucrative investment plan from finance investment companies in Malviya Nagar.

All about Living Well While Spending Less

Most of the millionaires in the world became successful not only by investing early, but also by saving early and often, according to the finance investment companies in Malviya Nagar Delhi. However, having to make savings from time to time should not compel you to live an ascetic life. You can gradually improve your standard of living, make investment and saving all at the same time given you work out things just a bit smarter. Here’s some of the tricks that would surely help you live a financially satisfied life while you maintaining a good standard of living.

Save Half of What You Earn:

Finance investment companies in Malviya Nagar Delhi says that a surefire way to accelerate your path towards a high standard of living is to save 50% of what you earn and spend the rest. Too much deprivation will not do the needed justice to your wishes and aspirations. It will not only stop you from enjoying a good standard of living, but will also cause you to binge later. If you start early on this trick you can accumulate good amount of money, even after assuming all your conservative gains.

Hire a House that Allow You to Save Big:

The standard rule of thumb is to spend on hiring a house is 2% of your gross monthly income. But, it’s not a hard and fast rule to spend all 28% of your monthly salary. If you hire a house at 23% of your monthly salary and invest the rest of 5% at a modest rate of interest, you would end up creating a saving account capable of providing you remarkable financial back up at the time of requirement.

Make the Most of What You Spend:

One way to make what you spend truly fruitful is to maximize the satisfaction you derive from the purchase. Isn’t it? For example, as per the experience of finance investment companies Malviya Nagar Delhi, most of the clients talk of gaining more satisfaction by spending time with loved ones in a vacation rather than buying a luxury car. So, next time you spend it big think twice about what would give you more satisfaction. Buying a modest car out of the whole “Car Buying Budget” and spending the rest in a vacation with loved ones will be more fruitful and overwhelming. What you think?

Make Retiring Early an Easy Thing with These Tips

Planning to retire before 65 would ask you for some extra preparation because you have more years to fund ahead of you. In addition to this, retiring early would mean that you are also going to spend 36% more than those who are above the age group of 75 years. Hence, you have to be extra careful about protecting what you’ve saved to fare your retirement with dignity and ease. Here are some tips from finance investment companies in Delhi to help you take early retirement with complete peace of mind.

Focus in Making Profit:

Although you might have accumulated a good amount of money for your retirement, yet good times and bad times can come down at any time. Finance investment companies in Delhi says that no matter how long your retirement is, you need to invest in a plan that can generate maximum profit on a regular basis. That’s why investment plans that offers regular monthly rate of interest are the best anyone can recommend. With such an investment plan in your hand, change in the nature of time will not be able to lay fatal impact on you.

Maximize the Rate Of Interest:

What if you could earn 18% a year on your money with 1.5% rate of interest generated every month? Well, it’s possible if you invest with registered Non-Banking Financial Companies in Delhi. They offer the highest ROI available in the market and are free of any market risk. A person who would get Rs. 9000 on Rs. 1 lakh, as per bank rates a year can expect his ROI to swell upto Rs. 18,000 with finance investment companies in Delhi. That looks even better when you get regular monthly rate of interest transferred to your bank account.

Avoid Bad Market:

One common rule that applies for all retirees is that they should withdraw 4% of savings in a year and then adjust for inflation. But, due to low yields many economist and finance investment companies in Delhi advocate retirees to start investing higher in secure plans and protect the capital by spending less in the bad market.

Investment Can Serve As a Profitable Business Plan for Lifetime

In India money and investment plans with high return aren't frequently discussed topics at home. Till the age of 20 -21, children do not become financially independent in India and good financial advice is generally uncommon to come from parents and well wishers. Therefore, as a beginner taking the first investment plan would be the hardest for you.

The Goal of Investing:

Different people have different financial goals. And, the more you learn about the benefits of different investment plan for beginners, the more confident you would be in choosing the investment option that would suit you the most. If you’re hoping to take a small amount of your salary and gamble it into a fortune in the stock market, then you are clearly off some of the best and safest investment options. Instead of opting to gamble your hard-earned money in the stock market in exchange of making huge profit overnight, plan to invest in a fixed deposit plan that would generate enough cash flow to support your lifestyle.

Best Investment Plan:

Investment plans offered by registered Non-Banking Financial Companies are really reliable for beginners as they are subjected to zero market risk and reap highest rate of interest available in the market. Such investment plans will help you enjoy your twilight years, and will also leave something for your loved ones in the form of assets you make out of the return on investment.

As a beginner you might find it a bit difficult to cut out some amount of money from your salary for making investment. So, you can create an investment reserve fund that would be similar but separate from your savings account. Try to dump some amount f your salary in this account every month. This will allow you to become the investor in fixed deposit plan/other investment plan without fear and stress.

In the initial stage you may feel uncomfortable to invest your money due to a fear and other insecurities. But, in order to enjoy the advantages of investment and to become a successful investor, you need to think logically. And, start by making small investments consistently rather than larger investments haphazardly.

Beware of the Latest Kind of Credit Card Fraud

Gone are the days when hackers used to toil around for your account number. Nowadays, the crime has evolved a step further with hackers taking over an account totally. As per the research done by top finance companies in Delhi, this type of an act is possible only when cyber criminal gains unauthorized access to an online account.

As a matter of fact, account takeover is the latest credit card fraud and the most common method of such a process begins with obtaining a list of user names and passwords.  

Technique Involved:

When investors interact with registered finance companies in Delhi, they often share their concern about the different aspects of money safety. Fraudsters adopt a variety of techniques to obtain the personal and financial information typically required to take control of an account.

As the first step, a hacker obtains data about a user so that he/she can impersonate the user and gain access to the user’s profiles or other restricted areas of the Internet. “FULLZ” is the term used by hackers and data resellers for all the vital information of an individual that may include a person’s name, Social Security Number, date of birth, account numbers and other data.

So, credit card fraud is a passé. With the artistry of fraudsters improving day by day and the attempts to commit the crime on a rise, the techniques are getting more surprising and sophisticated. Just like a virus reacts to vaccine, hackers are developing new ways to access the accounts as the old methods become ineffective. Shifting tactics is just one way by which hackers have become more sophisticated in their efforts to stay ahead of detection scanning.

Fraudsters are moving beyond payment card details, and are instead targeting data such as Social Security numbers, addresses and bank account information.

So, finance companies in Delhi have started special care in the transaction of the money of their in-house account as well as the client’s account. Don’t let these fraudsters rip you off your hard earned money while you sleep peacefully in your abode. Rise, scan and exchange your personal information with utmost care!