At SolvFree, we have compiled key guidelines on debt collection practices based on research from codes of conduct commonly followed by banks and lenders, in consultation with the Reserve Bank of India and the Indian Banks Association. This summary includes dos and don’ts for debt collectors:
1. Respect and Dignity: You have the right to…
Understanding Overspending
Overspending often occurs when we buy items we don't really need, sometimes leading to financial strain. For instance, I once walked into a toy store with my 3-year-old to buy play dough and coloring books but ended up purchasing expensive activity boxes that went unused for months. This impulsive decision, meant to make…