I have been writing to HDFC Bank Credit Card division for several months now asking them to mask the digits of credit card number and finally the recommendations have been accepted. With this
Credit Card Default – Final Settlement Steps, How to
In the past few days, we have been receiving various queries on credit card defaults and delayed payments which has taken the payment obligation of the borrower to few Lakh rupees. If you are in the same situation as these guys are, here is what you have to do.
Update on 23-12-2009
Many complained that the Banks were unwilling to lend an ear to your settlement offers. So the first step now should be to contact BCSBI who will counsel you on how to get out of this debt trap.
Talk to the bank who issued the card and negotiate hard. Tell them you would like to pay off in good faith and ask for concession, yes put all your negotiation skills to work here. Once you both settle on some amount these are the steps
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Creditors Axe Limit for Satyamites
Credit Card lenders in India are taking measures to safeguard their capital in the hands of Satyam Employees extended by means of Credit Cards. We have confirmation that HDFC Bank, ICICI Bank, HSBC and Citibank have reviewed the accounts of all Satyam employees
Things to do after you get a Credit Card
Here is a list of things you have to do as soon as you get your credit card,
- Remember your credit card is an unsecurd loan offerd by the bank to be used at your convenience with a grace period for repayment [usually upto 30 days only]
- Most banks
Protection Programme – Lost + Fraudulent Transactions
Here is a Great news for Credit Card Holders in India. Under pressure from regulator to introduce cover on lost card, fraudulent transactions etc – Kotak Credit Cards and Citibank have introduced Card Protection Programme.
What is Card Protection Programme – CPP ?
As a credit card holder, you are protected from liabilities arising
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Credit Card Penetration – Citywise
We have data on credit card penetration in Indian household segregated by cities. Residents of Coimbatore, Jaipur, Chennai, Delhi and Nagpur are the top 5 credit card holding households in India. Here is