DilTohBacchaHaiJee- This Children’s Day treat the child in you!

Blogs > #DilTohBacchaHaiJee - This Children’s Day treat the child in you!

#DilTohBacchaHaiJee - This Children’s Day treat the child in you!

When you are a kid, there are all sorts of things that you long to have but your parents can't afford to buy. Maybe it's a new video game system or a summer vacation to Disney World or an iPhone-things that you see on TV that suddenly makes you feel like your life would be better if only they were yours. Do you still dream about those things? You do, right? We all do, because who says chasing childhood dreams is just for kids? It’s never too late to fulfill your childhood fantasies. If you had a dream as a child but didn't ever act on it, here's how to go about pursuing your dream. After all, #DilTohBacchaHaiJee.

Go on a trip you have always wanted, invest in the home of your dreams, or start a business, as today, there are many credit products such as personal loans, business loans, credit cards, gold loans, and others to help you achieve all that. However, these options may seem overwhelming and even more so if you haven’t used credit before. This is why today I am going to discuss some of the smart credit strategies to help you take advantage of the available financial tools that are right for you without fear of getting into debt or being rejected by banks. But first, let’s discuss the different types of consumer credit products available to you that can help you come one step closer to your childhood dreams.

Different types of consumer credit products:

With the right type of credit, you can make significant progress toward fulfilling your childhood dreams. The first step is to have a grasp on where you stand with your credit profile: You can find out which factors are affecting your CIBIL score, and you can also view your CIBIL report to see exactly what's in it. If there are any mistakes or it contains inaccuracies, you can dispute them as soon as possible so they don't impact you negatively in the future. There are many types of consumer credit products, from cards to loans to credit cards to mortgages and more. Let’s discuss how they can help you come closer to fulfilling your dreams.

Personal Loans

Is there anything you have always wanted to do but never had the means to do it? Personal loans are a wonderful way to fulfill your childhood dreams. Whether it's finally taking that trip around the world or buying tickets to see your favorite band, or paying for your education, a personal loan could be just the thing you need to live your best life. A personal loan can also help you buy a car if you have bad credit and are not eligible for another kind of loan.

Business Loans

It's the dream of many people to have their own business and make a success of it. If you are one of those people, you may also have some doubts about whether or not you can really do it. A business loan can help give you the push you need to succeed by removing some of the obstacles that might be keeping you from moving forward. For example, if you don't have enough money to open a restaurant on your own, a loan could help solve that problem.

Gold Loans

As a kid, you may have dreamed about the house you would live in or the car you would drive. But when reality hits and your parents told you that your dream of being a prince or princess was out of the question, it's easy to let those childhood fantasies slip away. What if I told you that there is a way to make all your childhood dreams come true without relying on any fairy godmothers, talking mice, or other magic? It’s gold loans. If you have got jewelry or other precious items that are sitting in your jewelry box because they're not quite worth selling but are too valuable to just toss out, this might be the solution for you!

Credit Cards

Go out of your way to find credit card companies that have rewards programs that match your interests. For example, if you love to travel, apply for a travel rewards card and use it frequently. You will accumulate points and rewards that can be redeemed for trips. When it comes to booking hotels, many credit cards will help you get discounts and other perks by charging your stay directly on your credit card bill. Many hotel chains offer discounts and free amenities for those who pay through credit cards.

How to build a credit profile?

In order to build your credit profile, you will want to take out new loans and lines of credit (such as a credit card) that will help you establish a credit history-and once you have done that, it's important to keep those lines of credit open. Don't close them or let them lapse. That will hurt your score, especially if there's no balance on the accounts or if you haven't been using the accounts for a long time.

Finally, take advantage of the tools available to help you manage your finances and stay in control of your spending. Start by setting up an account that tracks all of your expenditures in one place. Make sure you understand whether there are annual fees or other charges that will come out of your account every month.

Things to keep in mind before applying for a credit product:

There are a lot of ways to get money when you need it, but there are also things to think about before you make a decision. This can be especially tricky for college students: your school may offer loans, and if you are going to work part-time in addition to classes, a credit card could seem like a good option. But loans and credit cards come with high-interest rates and fees-you could end up paying much more than you borrowed. So, before you sign up for that loan or fill out an application for that credit card, make sure you understand what the options are so you can make the best choice for yourself.

If you don't have enough money to pay back your loan or credit card right away, it can take years before the debt is cleared-and even then, some will be left behind in high-interest payments. If you do have enough money to pay back your loan or credit card right away, it can be tempting to spend that money on something else-but whatever use you are putting the money toward will still have to wait until your debt is paid off. So, always make an informed decision while applying for consumer credit products.


While credit products aren't a perfect solution for every situation, they are an important financial tool, especially for those with limited access to cash flow. It's important to be educated about how to do so responsibly-just like you wouldn't want to learn how to drive without knowing the rules of the road! So, always plan (define your need for a credit product, figure out methods of repayments), compare your options and apply for a consumer credit product and manage your finances responsibly.