A high CIBIL score like that of Priyasha Saluja is possible with responsible credit usage; here's how
third season of Shark Tank India wherein enthusiastic entrepreneurs from India are back to present their business ideas to the panel, hoping to secure investments? The atmosphere is charged with excitement as both investors and budding entrepreneurs prepare to make the most of this brief opportunity, which lasts only a few minutes. One standout moment was Priyasha Saluja’s pitch for The Cinnamon Kitchen, where she impressed the investors by highlighting her impressive credit score. Her closing statement, “Main Paisaa Leke Deti Hoon Waapis," translates to “I repay all my debts on time".
Numerous individuals ponder the measures one needs to take to sustain a healthy credit profile. This concern is particularly relevant for credit card holders, individuals enticed by Buy Now Pay Later (BNPL) programs, or those relying on frequent loan applications to manage their debt. Contrary to the misconception that credit cards contribute to long-term financial difficulties, they come with a variety of benefits that make them appealing financial instruments.
Firstly, they grant access to a line of credit, enabling you to make purchases even when you don’t have the funds at hand. This can be advantageous for handling unforeseen expenses or spreading the cost of larger purchases over time. Furthermore, numerous credit cards provide EMI options for significant purchases such as appliances, furniture, or travel packages.
This allows you to distribute the expense over several months, facilitating better budget management. Additionally, a multitude of credit cards feature rewards programs that offer cash back, points, or miles based on your expenditures. These rewards can be utilized for various advantages, including travel perks,
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