Here comes the time when the entire country will enter the glitz of joy, celebrations, enthusiasm and devotion. With the festival season around, there are numerous offers and finance options made available by consumer goods companies, banks and credit card providers. For many people, gifting is an integral part of celebrating the festive season. People tend to go on a buying spree with plans to spend on buying cars, houses, home appliances and other goods during this period.
However, it is important to plan wisely and keep a few guidelines in mind before you go on that festival binge.
Great offers from credit card companies will also be available. Use credit cards wisely this festive season and ensure you pay your bills on time.
Thus, if you are planning to purchase a car, house or high end products and home appliances this festive season on EMIs, it’s the time you check your credit eligibility by availing your Credit Score before you seek loan. This will enable you to “see yourself as lenders do” and assess your credit standing, thus helping you to make the appropriate buying decision. In other words, by planning a bit ahead and being a little judicious you can make your festival shopping fulfilling.
The author is Senior Vice President – Consumer Relations, CIBIL (www.cibil.com)
India Infoline News Service / 11:47, Dec 12, 2014
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