Its not that simple, you can still default on a credit card on FD, let's say if you miss your payments intentionally bank will charge a hefty penalty month on month, that could easily become more than your FD.
Sharan that's wrong, even for secured credit card if you miss the due date they'll fine you and add interest, it will decrease your score badly. Recovery from FD is final stage. Credit score increase only for timely repayment not just having loan or credit card.
Hi I have a cc taken against FD. Just once I missed a payment. There are many charges which have done. Like late payment Interest Adding these they crossed limit. And again for crossing limit they have charged
Hello Sharan, This is John. I've been following your videos since long and it's educative. I like the way you explain it. I just wanted to know one thing. In KVB I went to open a savings account. They've asked me to pay RS.6000 once the account is activated I can withdraw Rs.4000. Is it necessary for me to pay that amount..? Please guide me. Need your input. I was really disappointed with their policy... Thanks again. Regards, John
What a shaata, man if you missed payment after utilising the fd money credit limit you still will be marked as miss payment and charged high credit card interest untill you pay it by using wherever money you hv
So even if u have money in fd for 5% interest we need to go for education loan as the interest on education loan will be charged only after education is over
Credit card put off an illusion om the customer of having Purchasing power whilehoping they make mistakes, and the best way to beat it is to accept the illusion and remind yourself that this isn't your money. Opt to just the CC as a sort of buffer for your small but non negotiable daily lifestyle expenses like buying medicine, paying rent, petrol filling etc. Basically things that will demand your attention everyday of your adult life but not extravagant expenses like buying new phones and expensive trips. Then with the money you have "in hand" by using the above method, you put them into small FD/mutual funds with primary focus on liquidity for short term so that you have a small source of revenue plus you earn some interest on it. Next you keep paying the bill for the CC within the billing cycle and now you have a very solid buffer cash reserve AND a better CIBIL score in the future.
A doubt regarding this. So i do have a credit card with my FD as a security. I got delayed with a payment.. So if the payment gets removed from my FD, that means the FD balance drops yea? And then wont the overall interest rate bonus on FD also fall?
hey man i dont know if you remember me or not but i had commented on your another video ......where i asked you how should pursue education in abroad whether by giving sat exam after my 12th or giving the gre or gmat once i complete my badic btech graduation in india and go abroad to do my master's... Pls tell me which would be a better option??
Bro how to sell the bussness idea to another person With out chested by that person What kind of prescription we should take Type in English bro And the video is not there in UA-cam also plz do it bro
I did exactly this and got my first credit card 4 months ago, I am trying to build my credit score so I can take education loan next year. I am just wondering how old does your credit card have to be for it to be valid on education loan?
When we make fd they give 7 percentage and for the card they charge more that 15 when we invest we get maximum 15 but rbi approved nfbc charges 36% filthy india
Its not that simple, you can still default on a credit card on FD, let's say if you miss your payments intentionally bank will charge a hefty penalty month on month, that could easily become more than your FD.
This is your energy level was Lowwwww 🥺🥺🥺 in last part.
It was uploaded 4 months ago on Instagram.
Sharan that's wrong, even for secured credit card if you miss the due date they'll fine you and add interest, it will decrease your score badly. Recovery from FD is final stage. Credit score increase only for timely repayment not just having loan or credit card.
*Happy Independence Day* 🇮🇳🇮🇳🇮🇳
Detailed video please!
If you miss payment you loose the FD and credit score is also takes a hit.
What's the use of getting card? when you already have money to book FD
FD rates are 6.5 % average
you're amazing! ❤️❤️❤️❤️❤️❤️
Loww energy!!
Home loan premium : 20000
Rental income from that : 25000
This can be possible??
Hypothetically yes but PSU banks liquidate FD after a considerable time thereby bringing down the credit score in case of default
How'd do you know all of this?
@@abhiroopbasu687 bcz he follow my man @financewithsharan
The best channel on UA-cam
Wrong info .. if u miss a payment .. it is considered as default.. and score decreases ...bank takes money from fd as a recovery and close the card
This guy reminds me of Josh Otusanya but gives financial advice.
Hi
I have a cc taken against FD.
Just once I missed a payment.
There are many charges which have done.
Like late payment
Interest
Adding these they crossed limit.
And again for crossing limit they have charged
Students having FD is very rare bro
Hello Sharan,
This is John. I've been following your videos since long and it's educative. I like the way you explain it. I just wanted to know one thing.
In KVB I went to open a savings account. They've asked me to pay RS.6000 once the account is activated I can withdraw Rs.4000. Is it necessary for me to pay that amount..? Please guide me. Need your input. I was really disappointed with their policy...
Thanks again.
Regards,
John
What a shaata, man if you missed payment after utilising the fd money credit limit you still will be marked as miss payment and charged high credit card interest untill you pay it by using wherever money you hv
Bro I am thinking of taking an education loan for masters for German which bank is good,what things I should focus on and any other tip.
What if I don't have amount for FD, if I have money then why should I take loan and paying interest simply
I don't have money for education but I can do FD, logics
Make a video on best credit cards
More info from education loan
So even if u have money in fd for 5% interest we need to go for education loan as the interest on education loan will be charged only after education is over
Hi sharan bhaiya
I'm 18 and have to take a education loan next year
So do I even need to have a credit score
Or I can use my parents' credit score
First time i already knew that 🤣
This is the worst advise. Credit score will be 0 if you are taking any loan without credit card. And loan gets approved even its 0.
What if i don't have a fd?
Nice shirt 👌
Credit card put off an illusion om the customer of having Purchasing power whilehoping they make mistakes, and the best way to beat it is to accept the illusion and remind yourself that this isn't your money.
Opt to just the CC as a sort of buffer for your small but non negotiable daily lifestyle expenses like buying medicine, paying rent, petrol filling etc. Basically things that will demand your attention everyday of your adult life but not extravagant expenses like buying new phones and expensive trips.
Then with the money you have "in hand" by using the above method, you put them into small FD/mutual funds with primary focus on liquidity for short term so that you have a small source of revenue plus you earn some interest on it.
Next you keep paying the bill for the CC within the billing cycle and now you have a very solid buffer cash reserve AND a better CIBIL score in the future.
Students in Premiere colleges in india do get benefits like low interest rates, for ex i am getting 6.9% pa
A doubt regarding this. So i do have a credit card with my FD as a security. I got delayed with a payment.. So if the payment gets removed from my FD, that means the FD balance drops yea? And then wont the overall interest rate bonus on FD also fall?
I follow ma MaaaaaaaaaAAAAAAAAAAAAANN!!!
hey man i dont know if you remember me or not but i had commented on your another video ......where i asked you how should pursue education in abroad whether by giving sat exam after my 12th or giving the gre or gmat once i complete my badic btech graduation in india and go abroad to do my master's...
Pls tell me which would be a better option??
Bhai apka ek hindi language channel bhi nikaliye, take kuch kam padhe leekhe bhi asan bhasha mein samaj sake
I mean, he's Kannadiga. So ...
Bro how to sell the bussness idea to another person
With out chested by that person
What kind of prescription we should take
Type in English bro
And the video is not there in UA-cam also plz do it bro
Will our credit score reduced of we choose our fd credit card?
No
Bro can u tell me how to increase cibil score
Bro education loan for siblings at a time to abroad process
Ah! i think I have seen this ending some where...
Bro I am living in banglore I wanna take a student loan for mbbs which will be the best bank bro
Boothulucation
I did exactly this and got my first credit card 4 months ago, I am trying to build my credit score so I can take education loan next year. I am just wondering how old does your credit card have to be for it to be valid on education loan?
U r the best
You looks similar like Oscar Isaac
Low energy in the last part
Bro are you from karnataka in Manogloer
When we make fd they give 7 percentage and for the card they charge more that 15 when we invest we get maximum 15 but rbi approved nfbc charges 36% filthy india
Happy Independence Day!
Faaaaaaaaaaaaaaaar better than bekifayti
You look very handsome tamil man
Y
5th comment
Happy independence day
4th comment