The emergence of the Corona virus or COVID 19, has with within this short time period changed the world, it has shaken us out of our cocoon of invincibility times to come will talk of the changed world post the advent of the COVID 19 or Corona Virus which is now a global pandemic.
Health care currently rules the agenda of Governments all over the globe, to provide timely aid to the infected and beef up infrastructure and supply of medical equipment. Saving lives is primary focus as we become ready to face the economic aftermath of the lockdown.
Each one of us will face the effects of the economic crunch in some way, rather than getting paralysed by thoughts of what is to come, we can take some steps to organise our finances.
We are not sure of the direction the winds are going to blow, so it becomes imperative that we start by conserving and planning ahead. Basic needs and necessities should be provided for by keeping aside funds for the same cutting out extra expenses by being a bit frugal will serve well.
The installement for the credit availed will be presented to the salary account on the due date via ECS (electronic clearing systems). If there are no funds available there will be a return or bounce marked, this status will remain and be recorded in the CIBIL even if the funds are repaid shortly. The CIBIL Score will also be affected even if for an interim period of time.
We can use our Credit Cards for expenses keeping in mind that here are funds available to pay the bill at the end of the month. A Credit Card debt will incur a very high rate of interest, it may be worth the while paying through your Credit Card in an emergency situation when short of funds which can be repaid in instalments.
Do not panic by the present scenario of the dip in the stock market and erosion of funds. This is a first in many ways that the markets are facing. Time is of essence for the virus to be controlled, it is only after that will normalcy return and the financial markets will stabilize.
Let us be patient, consolidate, conserve and wait for the tide to take a turn and times to change.
Apply ICICI Bank Credit Card, ICICI Bank Credit Card, ICICI Credit Card, Apply for ICICI Credit Card Online, Apply for ICICI Bank Credit Cards Online, ICICI Bank Credit Card Interest Rate, ICICI Credit Card Eligibility, ICICI Credit Card Apply, ICICI Bank Credit Card Apply, ICICI Credit Card Apply Online, ICICI Bank Credit Card Offers, ICICI Bank Credit Card Online Apply, ICICI Lifetime Free Credit Card, ICICI Credit Card Application, ICICI Bank Credit Card Application, ICICI Business Credit Card, ICICI Corporate Credit Card, ICICI Credit Card New Apply, ICICI Credit Card Instant, ICICI Credit Card Apply Online Lifetime Free, ICICI Bank Credit Card Eligibility, ICICI Platinum Credit Card Apply, ICICI Credit Card Application Online, ICICI Platinum Credit Card Eligibility.