Friday, May 15, 2015

Jittery about your home buying decision? Top 5 ways to overcome it!

It is natural. All homebuyers would have felt it. Why not? It is one of the most important and biggest financial decisions of anybody's life. When the stakes are so high, it is bound to affect us, we do get nervous, but also excited at the same time because buying a home is a big achievement too. So, we at CreditVidya.com decided to pen down a few tips to help you tide over the jitters.
When Archana Menon, a Bangalore-based techie bought a plot near Yelahanka, an upcoming suburb near the new airport, she was ecstatic. But when she finalized on her lender to construct a home on this 2000 square feet plot, she started feeling the butterflies in her stomach. Oh, it was but natural.
Archana had saved about Rs 20,00,000 over seven years of her career. This, she spent on buying the plot. She somehow managed to garner the margin money to build a 3600 square feet house. "When I applied for a loan and it came through I was not worried so much. When I had to sign on the dotted line, I started feeling the butterflies in my stomach. A kind of doubt crept on my mind, if I was doing the right thing by taking a loan."
So here are a few things to keep in mind while buying a home:
  • Think through your decision: When you are deciding to buy a home, take some time to think through your decision. It is important to understand the pros and cons of taking a home loan. Do you have enough to make the downpayment?
  • Understand the market: It is important to study the market before you take the plunge. Is the real estate in your city doing well? If you buy a house, will it appreciate over the coming years? If yes, by how much. There are many ways to find answers to such questions. Read real estate blogs, articles and indices. Keep yourself updated with latest trends in real estate.
  • Check your financial situation: When you take a mortgage, half your net salary may go towards the payment of your equitable monthly installment (EMI) for your home loan. Will you be able to sail through with remaining half? Along with EMIs, you will have to think of savings for kids education, retirement plan and emergency fund. So evaluate your income, savings, investments and expenditure before you think of buying a home.
  •   Evaluate your savings: After you buy a home anything can happen. You could lose your job, the salary of which was being used to pay for your EMI. There may be a family emergency, which requires you to divert your funds. There may be a big home repair running into lakhs of rupees. So it is important to build a contingency fund. We at CrediVidya.com always advice our customers to keep a back up of six-month EMI, so that in a job loss situation, it gives you a window of six months to get back on track.
  •  Listen to your instinct: If something tells you not to buy a house now, don't buy. Sit back and think through. Do not yield to the external pressures and take a decision in hurry.
So, sit back and relax. Rethink your decision of buy a home after following the above-mentioned tips. Live a financially healthy life.
- See more at: http://creditvidya.com/loans/home-loan/jittery-about-your-home-buying-decision-top-five-ways-to-overcome-it-hl145.aspx?utm_source=ScoreUp+Beta+Customers&utm_campaign=62d0a67dac-Articles_2_ScoreUp5_14_2015&utm_medium=email&utm_term=0_7598ef9dcb-62d0a67dac-284570365#sthash.xhoHKKLA.dpuf

Wednesday, May 13, 2015

Spicy Sausage Naan Bread Sandwiches

Sausage sandwiches in their most basic of forms can be and very often are absolutely delicious. The nature of sausage sandwiches means however that you have a virtually endless number of opportunities to vary the combination and take it to new levels of scrumptiousness. The three basic ways of doing this are to vary the types of sausage used in the sandwich, vary the type of bread you use and vary the nature of the accompaniments or condiments included in the sandwich. The recipes on this page focus on using naan breads as an alternative to traditional, as well as spicing up the sausages and/or the additional inclusions.

Choosing Naan Breads for Sandwiches

Large naan breads are heated and halved for making sandwiches
Large naan breads are heated and halved for making sandwiches
There are two basic choices when selecting naan breads to make a naan bread sandwich and which one you go for is down to availability and personal preference. You can either use one large/standard naan bread and half it, or use two mini naan breads. In both instances, the heating guidelines on the pack should be followed prior to assembling the sandwich.
Additionally, you can of course use different flavoured naan breads, with garlic and coriander (cilantro) being a very popular choice.
Two mini naan breads can be used to make a sandwich
Two mini naan breads can be used to make a sandwich

Bhuna Beef Sausages Naan Bread Sandwich with Rice

Beef sausages in a rich bhuna sauce served on a naan bread sandwich with rice
Beef sausages in a rich bhuna sauce served on a naan bread sandwich with rice

Cook Time

  • Prep time: 15 min
  • Cook time: 35 min
  • Ready in: 50 min
  • Yields: One naan bread sandwich

Ingredients

  • 4 beef sausages
  • 1 tablespoon vegetable oil
  • ½ teaspoon each of garam masala and medium curry powder
  • 1 tablespoon spicy chilli tomato ketchup, (alternatively 1 teaspoon hot chilli powder)
  • 1 clove of garlic, peeled and grated
  • 8 ounce can chopped tomatoes in tomato juice
  • 3 ounces basmati rice
  • 1 teaspoon ground turmeric
  • 1 teaspoon freshly chopped coriander/cilantro
  • 1 naan bread
  • Salt and pepper

    Instructions

    Click thumbnail to view full-size
    Bhuna style sauce ingredientsFrying bhuna spicesBhuna sauce is brought to a simmerBeef sausages are pricked with a forkBeef sausages are added to bhuna style sauceChopped mint is added to turmeric riceTurmeric rice is platedHalf naan is laid on rice bedSpiced beef sausages are laid on half naanBhuna sauce is spooned on top of sausages
    Bhuna style sauce ingredients
    Bhuna style sauce ingredients
    1. Pour the oil in to a medium to large pot or saucepan. Add the curry powder, garam masala and garlic and stir fry over a medium heat for a couple of minutes to fry off the spices.
    2. The ketchup and tomatoes go in to the pot next to be brought to a simmer. The sausages should each be pricked a couple of times and added to the pot to simmer (covered) for a further twenty minutes.
    3. The rice should be washed through a sieve and added to a pot of simmering, salted water along with the turmeric to simmer for ten minutes. It should then be drained and returned to the pot, at which point the chopped coriander/cilantro should be stirred through.
    4. Heat the naan bread per the instructions on the pack and arrange the rice in the form of a bed on a serving plate. Cut the naan in half across the way and lay the larger part on the bed of rice.
    5. Use a pair of cooking tongs to lift the sausages from the pot on to the bottom piece of naan before spooning over some sauce. Lay the top part of the naan bread in place to serve.

    Sausage and Indian Spiced Onion Naan Bread Sandwich

    Pork sausage and Indian spiced onions are served in a naan bread sandwich
    Pork sausage and Indian spiced onions are served in a naan bread sandwich

    Cook Time

    Prep time: 10 min
    Cook time: 10 min
    Ready in: 20 min
    Yields: One naan bread sandwich

    Ingredients

    Instructions

    Click thumbnail to view full-size
    Pork sausages are gently fried in oilHalf naan bread is platedPork sausages are laid on half naan breadIndian spiced onions are spooned on to pork sausages
    Pork sausages are gently fried in oil
    Pork sausages are gently fried in oil
    This is by far the simplest and most straightforward recipe on this page, especially when it is prepared as a means of using up leftover spiced onions and they are not specially made for the sandwich.
    1. Fry the sausages gently in the oil for about ten minutes or until done, turning them frequently.
    2. Heat the naan bread and half across the way. Lay the sausages on the wide half, spoon the spiced onions over the top and add the second half of the naan.

    Spicy Szechuan Tomato Sausage Naan Bread Sandwich

    Sausages and green beans in a spicy szechuan tomato sauce naan bread sandwich with homemade chips
    Sausages and green beans in a spicy szechuan tomato sauce naan bread sandwich with homemade chips

    Cook Time

    Prep time: 5 min*
    Cook time: 15 min*
    Ready in: 20 min*
    Yields: One naan bread sandwich
    *Not including optional chips/fries

    Ingredients

    • 5 skinless pork sausages
    • Vegetable oil for frying
    • 5 ounce pack spicy szechuan tomato stir fry sauce
    • 6 trimmed green beans, chopped to 1 inch pieces
    • 2 mini naan breads
    • Chips or fries to serve (optional)

    Instructions

    Click thumbnail to view full-size
    Spicy szechuan tomato sauce and chopped green beansFrying pork sausagesGreen beans are added to fried sausagesSpicy szechuan tomato sauce is added to sausages and beansSausages and beans are gently simmered in spicy szechuan tomato sauceFirst mini naan bread is platedSausages are lifted on to naan breadBeans and sauce are spooned on top of sausagesSecond mini naan bread is laid on top of spicy sausages and beans
    Spicy szechuan tomato sauce and chopped green beans
    Spicy szechuan tomato sauce and chopped green beans
    1. Gently fry the sausages in the oil, turning frequently, until done. This should take around ten minutes.
    2. Add the green beans to the frying pan along with the spicy tomato sauce. Stir carefully so as not to break the sausages and bring to a simmer for just a couple of minutes to ensure the beans are heated through.
    3. Heat the mini naan breads and lay one on a serving plate. Spoon on the sausages and beans combination and add the second naan.
    4. Serve with chips/fries if desired.

    Spicy Lorne Sausage Naan Bread Sandwiches

    Lorne sausage is a Scottish sausage sold in slices
    Lorne sausage is a Scottish sausage sold in slices
    The following two sandwiches are made using Scottish Lorne sausages (also called sliced sausage or square sausage). While there is every chance that you will not have access to this type of sausage, you could make your own or alternatively, simply use ordinary sausages or a basic burger patty instead.

    Spicy Lorne Sausage and Baked Beans Naan Bread Sandwich

    Smoked paprika and Tabasco spiced baked beans on a Lorne sausage in a naan bread sandwich
    Smoked paprika and Tabasco spiced baked beans on a Lorne sausage in a naan bread sandwich

    Cook Time

    Prep time: 5 min
    Cook time: 10 min
    Ready in: 15 min
    Yields: One naan bread sandwich

    Ingredients

    • 1 Lorne sausage
    • Vegetable oil for frying
    • 8 ounce can baked beans in tomato sauce
    • 1 teaspoon smoked paprika
    • ½ teaspoon dried basil
    • Few drops of Tabasco sauce
    • 2 mini naan breads

    Instructions

    Click thumbnail to view full-size
    Frying a Lorne sausageSmoked paprika and basil are added to baked beans in tomato sauceTabasco sauce is an optional addition to the spicy baked beansLorne sausage is laid on naan breadSpicy baked beans are spooned on to Lorne sausage
    Frying a Lorne sausage
    Frying a Lorne sausage
    1. Heat the vegetable oil in a frying pan and fry the Lorne sausage for approximately five minutes each side over a medium heat (depending upon thickness) until done.
    2. Pour the beans in to a small saucepan and add the smoked paprika, dried basil and Tabasco sauce. Do be careful adding the Tabasco sauce - especially if you're not familiar with how hot it is!
    3. Gently heat the beans over a low heat, stirring frequently with a wooden spoon.
    4. Heat the two mini naan breads and lay one on a serving plate. Lift on the sausage, spoon on the beans and finish with the second naan bread.

    Curried Lorne Sausage and Spicy Egg Naan Bread Sandwich

    A curried Lorne sausage is topped with turmeric spiced egg in a naan bread sandwich
    A curried Lorne sausage is topped with turmeric spiced egg in a naan bread sandwich

    Cook Time

    Prep time: 5 min
    Cook time: 15 min
    Ready in: 20 min
    Yields: One naan bread sandwich

    Ingredients

    • 1 large egg
    • 1 Lorne sausage
    • 1 teaspoon curry powder
    • Vegetable oil for frying
    • 1 teaspoon mayo
    • 1 teaspoon freshly chopped coriander/cilantro
    • ½ teaspoon ground turmeric
    • Salt
    • 2 mini naan breads

    Instructions

    Click thumbnail to view full-size
    Curry powder is added to Lorne sausageFrying curried Lorne sausageTurmeric, mayo and coriander are added to hard boiled eggSpicy egg combinationCurried Lorne sausage is laid on naan breadTurmeric spiced egg is spooned on to curried Lorne sausage
    Curry powder is added to Lorne sausage
    Curry powder is added to Lorne sausage
    1. Put the egg in to a small saucepan of cold water, ensuring it is completely covered. Bring the water to a simmer for eight minutes.
    2. When the egg is simmering, rub half the curry powder on each side of the Lorne sausage. Fry in the oil over a medium heat for around five minutes each side.
    3. Take the pan containing the egg to the sink and run cold water in to it until the egg is cool enough to handle. Crack the shell on a hard surfae, peel and put the egg in to a bowl.
    4. Add a little salt, the mayo, turmeric and coriander/cilantro. Mash with a fork until almost smooth.
    5. Heat the naan breads and lay the sausage on the first naan. Spoon on the egg mixture and spread evenly before topping with the second naan.

    World War II: Battle Of Britain

    Introduction

    German officers and soldiers had gazed from the French coastline across the 20 miles of the English Channel which separated them from their enemy. To a man, they knew that the conquest of Great Britain would be their greatest challenge to date. However, they were brimming with confidence. Operation Sealion, as the forthcoming invasion was codenamed, would involve the marshalling of troops and equipment, as well as the rounding up of enough barges suitable for transporting the most formidable fighting machine in the world across the narrow expanse of the Channel. Still, all of the victories thus far, all of the planning and all of theFuhrer’s bold rhetoric meant far less without mastery of the skies. Control of the air was a perquisite to any successful invasion.

    Battle Map

    A map of the theatre of battle. The big red line indicates the range of British radar.
    A map of the theatre of battle. The big red line indicates the range of British radar.
    Source: Hohum, PD, via Wikimedia Commons

    Kanalkampf

    Its opening phase was known asKanalkampf, or the Channel Battle, to the Germans. For the rest of the world, the aerial conflict which began on the 10th July 1940 and lasted fully 10 months was known collectively as the Battle of Britain. Less than three weeks after the Fall of France,Reichsmarschall Herman Goring and his Luftwaffe began the effort to take control of the skies above Britain. Hitler had initially set the date for the invasion as the 15th August, and the German planes were to pound British harbours and shipping.
    Goring had gathered more than 750 fighters, including the nimble but short range Messerschmitt Me-109 and the twin engine Me-110, to escort more than 1300 Heinkel He-111 and Dornier Do-17 bombers along with 300 of the infamous Junkers Ju-87 Stuka dive bombers which had sown destruction in Poland and France. Air Chief Marshal Hugh Dowding, chief of Royal Air Force Fighter Command in comparison could only muster around 700 Supermarine Spitfires, Hawker Hurricanes fighters and other obsolescent types in defence. During the ensuing four weeks, dogfights raged daily, a number of merchant ships were sunk by the marauding Germans and the Royal Navy relocated most of its ships and personnel to Portsmouth from Dover. The Luftwaffe failed, however, to sufficiently erode the strength of the Royal Air Force.
    Early in the battle the British came fully to appreciate the value of accurate intelligence and a new early warning device called radar, both of which provided advance notice to them of incoming German air raids. It was also quickly determined that the lumbering Stukas were unfit for air to air combat, proving to be easy prey for RAF fighters. Although they had lost 300 planes, while half that number of British aircraft had fallen, the Germans considered their initial operations sufficiently effective to begin round two of the aerial preparations for invasion.

    Der Adlertag

    Still confident of victory, German airmen often sang a jaunty tune with the lyric, ‘Wir fliefen gegen England’(‘we are flying against England’). Goring scheduled Adlertag, or Eagle Day, for the 13th August 1940. The second phase of the Battle of Britain was intended to bring the RAF to its knees, through the systematic bombing of its airfields in southern and central England, the destruction of the 300 foot towers and installations which comprised the early warning radar stations strung along the English coastline; and, finally, the elimination of the planes and pilots of Fighter Command.
    On Eagle Day itself, the Germans lost 46 planes, and the RAF 13. However, a week of nearly continuous daylight aerial combat followed. Citizens below could see the swirling vapour trails of the dogfighting planes. Occasionally they saw the puff of an exploding aircraft or the long, black trail of a burning machine as it hurtled towards the ground. At times, it actually seemed to be raining spent cartridges from machine guns and cannons of both sides. Though its actual losses may have been fewer than those of the Luftwaffe, Fighter Command was being stretched to breaking point. Young pilots were often thrown into combat with only a few hours of flying time, facilities had been bombed and strafed, and the rigours of combat had taken their toll on the remaining airworthy planes.

    The Ultimate Dogfight

    Adlertag, or Eagle Day remains one of the largest aerial engagements to date. And from this picture you can see why.
    Adlertag, or Eagle Day remains one of the largest aerial engagements to date. And from this picture you can see why.
    Source: Puttnam (Mr), War Office official photographer, PD, via Wikimedia Commons

    A Chance Reprieve

    In concert with daylight raids, Goring also instructed his pilots to fly nocturnal bombing missions against military targets in Britain. Major cities, particularly London, had not been targeted due to the probability of retaliation by RAF bombers against German cities. However, on the night of the 24th August 1940 a few Luftwaffe bombers strayed off course and dropped their ordinance on the city of London. The next night RAF bombers hit Berlin. Enraged, theFuhrer vowed to lay waste to British cities.
    On the 7th September 1940, Hitler authorised a change in strategy. TheLuftwaffe was to bomb London into submission. A week later, however, he postponed Operation Sealion indefinitely. On the first night of the Blitz more than 2000 Londoners were killed or wounded. The sacrifice of the civilian population proved to be the salvation of Fighter Command, which was given time to rest and refit. London was not the only city ravaged by German bombs in the months to come. On the night of the 14th November 1940, Coventry was assailed by more than 400 Luftwaffe bombers, killing 568 civilians and injuring more than 1200 others. Birmingham, Liverpool and Manchester were hit. But the turning point had come with the change in German strategy and the refusal of the British people to buckle. The last Luftwaffe raids of the Blitz struck London on the night of the 10th May 1941.

    An Eastward Glance

    Hitler’s frustration with Goring’s failure to destroy the RAF was tempered by his preoccupation with preparations for OperationBarbarossa, the invasion of the Soviet Union which was scheduled for the 22nd June 1941. Some historians argue that the Fuhrer had been reluctant to continue fighting the British, hoping that his fellow Anglo Saxons might join in the war against the Soviet communists. At any rate, as early as the autumn of 1940 Hitler had concluded that the Battle of Britain could not be won. The opportunity for victory had been squandered and Luftwaffe losses continued to mount. British cities burnt, but the RAF remained a potent force.
    Prime Minister Winston Churchill hailed the spirit of the British people and called the time of peril and suffering ‘their finest hour.’ On the 20th August 1940, Churchill rose to address the House of Commons, praising the courage of the intrepid Royal Air Force pilots. ‘Never in the field of human conflict,’ he declared, ‘has so much been owed by so many to so few.’

    Tuesday, March 31, 2015

    Know your credit card better: Charges you probably do not know

    The lure of a credit card is hard to keep away from, especially when a sales representative from a bank or a retail outlet makes a convincing pitch about you getting a "free" credit card. But did you know that the credit card you are being promised is anything but free?
    What sales representatives of credit cards do not tell you is that there are a whole host of charges that are applicable to them. Here are the various charges on credit card, you should know about before you agree to apply for one.
    The annual maintenance fee:
    When you are told you are being given a free credit card, it probably means that the joining fee and the annual fee has been waived off for a maximum period of one year from the date of issuance, but after this initial period the annual maintenance fee is applicable to your card. This could range from Rs 1500-3000 in a year.
    Interest costs:
    If you do not pay the whole of the outstanding amount within the due date stipulated by the bank each month, an interest rate on the expenses incurred on your card is charged at the rate of 3% per month. While this may not seem exorbitant to you, what sales representatives do not tell you upfront is that the monthly interest rate is annualized to arrive at an  annualized percentage rate (APR) which can be as high as 36-38%.
    Overseas transaction cost:
    Your bank will also charge you for every overseas transaction you make. This is usually 3.5% of the overseas transaction and is converted to INR depending upon the exchange rate on the day you make the transaction.
    Cash withdrawal on credit card:
    The transaction charges on cash withdrawal are as high as 2.5% of the cash advance. Over and above this you need to pay an interest on the cash right from day one, and this interest cost ranges from 24-46% per annum.
    Cost for crossing card limit:
    Even if you cross your credit card limit by Rs 1, you bank will charge you a minimum over limit fee of Rs 500 or 2.5% of the over limit amount, whichever is higher.
    Late payment fee:
    The Reserve Bank of India has recently come out with the diktat that banks must revisit the late payment charges on overdue amounts on credit cards. While this may relieve the burden of the card user by a tad, penalties are still applicable. Therefore, if you turn delinquent and do not pay your minimum amount due for more than 90 days you will be charged a late fee by your bank. For amounts between Rs 500 to Rs 20,000 the amount will be in the range of Rs 100-600 while for amounts over Rs 20,000 the amount will be in the range of Rs 700-800.
    A duplicate statement fee:
    While the monthly statements are delivered free of cost to your postal address, if you request for a duplicate statement fee, your card issuer will levy a duplicate statement fee which may range between Rs 50-100.
    Card replacement fee:
    If you lose your card, your bank will charge you a card replacement fee. This can be between Rs 250-300.
    Cheque bounce or dishonour of ECS charge:
    If the payment on your credit card bounces, your bank will charge you a fixed rate for the same which can be between Rs 300-350. If the bank sends a representative to pick up cheque or cash on the overdue account, another fee of Rs 100 is added to your next month's statement.
    Surcharges:
    If you purchase petrol using your credit card, a certain percentage of the transaction value is subject to either 2.5% of the transaction or flat fee of Rs 10-25 (whichever is higher) depending upon the bank. Some banks offer a waiver on the fuel surcharge but these are for certain specified bands say between Rs 400-4000. Therefore any transaction below Rs 399 or over 4000 will continue to be charged as usual.
    Service tax:
    Up until now, the service tax levied on service charges was 12.36%. However, while presenting the budget for the year 2015-16, the Finance Minister Arun Jaitley announced that the service tax will be hiked to 14%. This means your credit card transactions will now become costlier as well.
    Thus as you can see, the credit card you are being offered is not free at all and most of the charges you are not even told upfront. Knowing about these various fees and charges will put you in good stead and help you use your card prudently. Make sure you go through the issuer's 'Most Important Terms and Conditions' (MITC) before you apply for the card. Prudent use of your credit card will also help you keep your Cibil score intact and keep your overall financial health in order. 

    Tuesday, March 24, 2015

    Worried about your low Cibil score? Here's how to take it above 750

    Your Cibil score may just be a three digit number, but there is no undermining its importance when it comes to the assessment of how creditworthy you are. With a poor Cibil score, you will not be able to access credit when you really need it and your dream of being a homeowner, car owner or even getting a personal loan when you are in urgent need of one, may be squashed. If you are worried about a low Cibil score, here's what you can do to improve it.
    If your credit history is not up to the mark for some of your actions in the past, and your Cibil score has dwindled as a result, you have to be proactive in rectifying it, so that it does not impact your financial health further. So here are some steps that will put you on the right path of rectifying your Cibil score.
    Keep an open mind
    First up admit that there has been a faux pas with the way you have handled your money, and that is what has brought your Cibil score down in the first place. Be prepared to understand and accept your mistakes and have the right attitude to go about with corrective action.
    Find out where you stand
    Now that you have admitted the problem, it's time to access your Cibil score and yourreport. Remember, it is not handed out free of cost and you must apply for it on the Cibil website by filling out an online application, submitting your KYC documents and paying a fee of Rs 470. You will have to go through an online authentication process.  If you complete this successfully your Cibil score and report will be mailed to you and you can download it immediately. (For more information on the purchase of your Cibil score visit https://www.cibil.com/faq/purchase-post-purchase-help#t158n384)
    Find out where you went wrong
    Your Cibil report  is not like the report card you received at your school and will not list out your mistakes. You will therefore have to learn how to read your Cibil report  and find out why your Cibil score is low. Your credit report contains all your account information including all your bank accounts, loans and credit cards. Assuming that the rest of the information is correct, pertaining to your identity and the status of your accounts, look out for your DPD or days past due in every credit card or loan that you have availed. DPD indicates how many days a payment is due on the account in that particular month.  Anything more than "000"is viewed as negative and brings down your Cibil score. Also check for 'Written-off' or 'Settled' flags. These flags are a clear indication of default in the past and could be the primary reason for a low score.
    In case of an error
    Your bank gives information about your loan account or credit card to Cibil and some times there may be discrepancies in this reporting process. These errors may be responsible for bringing down your Cibil score. Sometimes you may find errors such as an inaccurate account balance, an overdue amount when a loan repayment has been made, or a loan account that  has been  closed from your end but does not reflect on your Cibil report.
    In such cases, you need to raise a dispute on the Cibil website by using their dispute request form. Your dispute is then passed through the dispute resolution cell of Cibil and taken up with the credit institution pertaining to that particular loan account. Your dispute takes approximately 30 days to get resolved. There may also be serious errors such as ownership of a loan, where you may find details of a loan on your Cibil report that you may not have availed of at all. This may be a case of identity theft. In such a case write to Cibil immediately and Cibil will look into the matter on a priority basis.
    Make a plan and stick to it
    Once you have identified what the problem is, make a plan on how to improve your score assuming that your Cibil report is error free. If you need to pay off unpaid debts,outstanding amounts or even settled amounts, think about the best way that you can repay them. Without repaying these amounts, your score might not go in the right direction only with good behavior on your new accounts. In the you're your score improves without doing much with the old accounts, don't feel too happy about it! Lenders will notice the negative flags on your report while evaluating you for new credit and might deny you new loans.
    Talk to the lenders you have defaulted with in the past and try to work out a strategy in which you can repay those amounts. We do not say its is easy! You will have to be disciplined about your other expenses and cut corners somewhere, but be determined and patient and stick to your plan and over time you will have a clean Cibil report and will result in an improved Cibil score. A good Cibil score is an obvious indication of good financial health and will prove to be beneficial in the long run.
    The post rectification plan
    Once your Cibil score has been rectified, make a resolution to keep balances on your credit card low, and make timely repayments on loans and credit card bills.  Also maintain a healthy mix of secured and unsecured credit and apply for new loans or credit cards after much thought and consideration. These prudent financial practices will keep your Cibil score intact and help you access credit easily when you really need it.
    Your Cibil score is not something that is etched in stone, and corrective measures can help you bring it back to a satisfactory level of 750 and above (over 900). It is imperative that you maintain a good Cibil score always. It is not just a reflection of your credit worthiness that lenders will access when you apply for some new credit, but may also be accessed by a potential employer when you are seeking a job. So make sure your Cibil score is in order and if it is not, take corrective action immediately.
    - See more at: http://creditvidya.com/credit-score/worried-about-your-low-cibil-score-here-is-how-to-take-it-above-750-cs163.aspx?utm_source=SP+-+CC&utm_campaign=c49c48563d-ScoreUp_12_CC3_24_2015&utm_medium=email&utm_term=0_6373e64bcf-c49c48563d-275301573#sthash.MzYXQx5a.dpuf

    5 factors to consider while choosing your home loan lender.

    Loans are a big business for a bank, but not such a happy thing for an end consumer. But it is the most dependable form of funding source while buying a house in today's world. In an effort to meet our financing requirements, it is important to understand that we should not rush into finalizing our home loan lender as this relationship with your bank might last for more than a decade. To ensure that you have a good track record of repayment, it is imperative to know the terms and conditions under which you will be taking a loan.
    When you apply for a loan, the builders and loan agents will try to hurry up things. It is but obvious they do it, as it is a source of income for them. But do not yield to these pressures. Do your own homework, read every bit of info available on home loan lenders. Go shopping for a loan that provides favourable terms and conditions.
    Do not fall into a trap like Ragini Kadam did. She just chose a lender in hurry and realized that she had to bear the brunt of a host of hidden charges. We have put together her experience to highlight the importance of knowing your loan and lender well before you sign on the dotted line.
    She is a Bangalore-based techie who just chose the bank with a very smart salesman while taking a home loan. She did not go hunting for a home loan and did not realise a whole host of hidden charges and higher interest rate, which she had to bear while being granted a loan.
    "When I took this loan, I was given a sanction letter in 15 days from a private bank. If I had waited a little longer and opted for a public sector bank I would have saved a lot in terms of foreclosure charges and interest rates. But I was in a tearing hurry. The excitement to buy the house quickly and the persuasive salesman made me chose this bank," opines Kadam.
    To help you understand the process of borrowing, we list the following important factors to consider:
    Choose a well-known Lender: Every bank or housing finance corporation (HFC) has its own method of screening process when it comes to granting a home loan. While some of them process it quickly, the others take their own time. Just because a few lenders take some time to process your loan application does not mean that the home loan comes to you with a raw deal. In many cases, such banks provide exceptional services to the customers. So it is very important to opt for a reliable lender.
    Loan approval process: Some banks take a couple of weeks to process your loan application while others may take up to a couple of months. You should understand that private sector banks like HDFC, Kotak, Axis Bank, ICICI Bank, and MNCs like Standard Chartered Bank, HSBC and others do it faster than public sector banks. While the public sector bank may have lesser processing fee, they may take up to three months for disbursal in some cases. Many of customers also prefer a bank with good internet banking facilities. So, every bank has its own pros and cons. You need to choose the one that suits your requirements.
    Eligibility: Your eligibility is decided after you submit your duly filled loan application form along with documents required to process the loan. Lenders will need your bank statement reflecting the transactions for the last six months, income proof in the form salary slip and form 16 for the last three years, copy of you PAN card, age proof and address proof.  After you submit the documents, the bank will do due diligence process by pulling out your Cibil credit score to check your credit history.
    Loan repayment: We strongly advice you to read the entire loan document to understand the terms and conditions well before you take on the loan. Please read the settlement and foreclosure clauses in detail, because these are the areas where many of the customers end up feeling that they are being overcharged.
    Borrowing costs: Taking a home loan means incurring a few expenses to get the loan. It includes the following:
    1. Processing fees
    2. Service tax
    3. Franking charges that are applicable for registering the loan document
    4. Interest as applicable. It could be fixed or floating. We strongly advice you to calculate your costs in actual terms and not fall for percentage games
    5. Prepayment and foreclosure charges: Please note that Reserve Bank of India has banned these charges on home loan. So if there is any bank charging them, you need to talk to your bank about it.
    Weigh in all these options before you choose your lender, as mentioned before, it is going to be a long-term relationship that you will be having with your lender. If you do this much of back grounding before you sign on the dotted line, your loan repayment years will be a peaceful course.
    - See more at: http://creditvidya.com/loans/home-loan/5-factors-to-consider-while-choosing-your-home-loan-lender-hl147.aspx?utm_source=SP+-+CC&utm_campaign=c49c48563d-ScoreUp_12_CC3_24_2015&utm_medium=email&utm_term=0_6373e64bcf-c49c48563d-275301573#sthash.lo6xQ0pA.dpuf