** Is there any relationship between home loan approval and credit card usage? I am planning to take a home loan after two years and I want to cancel my credit card due to overspending.

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I have a demand draft in my name issued by Indian Overseas Bank. But I don’t have a bank account and the draft’s validity has expired. Can I encash the draft now? If yes, what is the procedure?
Ranjit

In case of contingencies, does it makes sense to go for a personal loan or a loan against fixed deposit? Which is the cheapest, simplest and the best to take?
J. Chandrakant, Via email

The first and

I am working in a telecom company and my salary is Rs 20,000 per month. I want to take a credit card and will use it in case of emergencies only. I am also planning to take a home loan in two-to-thre

Q) I have locked all my money in investments and now I need some for a family function. I have a personal loan of Rs 3 lakh for one year. Should I opt for a loan on my credit card or get my credit lim

I had taken a car loan of Rs 4 lakh in January 2010. Is it wise to prepay the entire outstanding amount? If yes, please tell me the process involved and charges to be paid.
Vishal Rathod, Via email

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Not Bad!! I think that about sums up the reactions to the annual light and sound show - The Budget. Given the financial constraints under which the government was operating, the market was expecting s

I took an education loan of Rs 80,000 for my son’s higher education in India. Kindly advise on how to claim interest subsidy offered to economically-backward sections. My yearly income is just above R

If a person is denied a credit card because his employer is not a listed company, what could be an alternative for such a person to get a credit card?
The person can apply for a secured credit card.

I always make payment by cheque for my credit card dues. Last time I had dropped my cheque in the bank ATM before the due date but it was debited late from my account. Now they have charged me a penal