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Introduction Debt and Expenses both are unambiguous and definite terms that almost every person understands, as it is a part of our everyday living that needs to be done in a calculated manner and should not exceed the limit. Crossing the limit in both can put the individual in trouble; debt in itself is a liability in a balance sheet and adds on with interest in it.  On the other hand, expenses are listed in the profit & loss account, and non-payment of expenses creates a debt, then debt malfunctions the company or individual’s profile. If you are an individual suffering from debt, then you can relate to this article, and we understand the level of stress that you are carrying.  If observing debt on a positive note, debt does have some benefits like good credit history, easy loans when needed and much more, only if it is repaid on time. In today’s article, we’ll be comparing Debt Vs Expenses and also talking about the notable things associated with them.  Is Debt alw...

Almost every available Bank/NBFC offers personal loans to every person; it has both positive and negative effects on the credit score of one; it is possible it may affect your overall credit score in the short run and make it more difficult for you to take new loans if not repaid as per the tenure decision. To take a personal loan, one doesn't have to mention the reason behind availing of the credit facility; one can use the loan for any purpose as per one wishes. The credit score of the profile is determined by how one is repaying the loan he has borrowed; if not repaid, the score will decline, and there are chances you may not get a credit facility again in your lifetime.  In today’s discussion, we’’ are talking about “ How does a personal loan can impact your credit score” and one can maintain a good credit score.    Do personal loans really impact credit scores negatively? Just like any other loan personal loan is also a kind of credit facility that one avails from a ...