India Credit Cards Review, Advise & Market Research
Credit History is a an alien term to 99% of the Indians. So lets explore the necessity of Credit History in India.
Prior to 2003, many businessmen[small / petty traders / contractors etc] including large business houses such as Essar, Jindals etc would borrow heavily from one bank and due to their mismanagement would default on loan payment @ that bank and go and avail a second loan at another bank
Credit Information Bureau of India Ltd [CIBIL] will launch Credit Scoring system known as Cibil Credit Score. If you don’t know what a Credit Score is, you can know it now here.
CIBIL is aggregating data on the basis of PAN, Passport Number, Voter ID of all borrowers. At the end of August 2007, CIBIL had credit profiles of 90 Million individual borrowers. Every month CIBIL sends out more than 2 million credit reports to various institutions to analyze a person’s creditworthiness
Breaking News: We had reliable information about Anil Ambani managed Reliance Capital venturing into Consumer Finance in a big way. [Various FIIs had written about this in their research report] It is now official
Yatra.com India’s leading Travel and Vcation portal has tied up with upcoming credit card company in India – Barclays Card to launch a co-branded
Here are some tips to know your credit card better,
After going through several posts on the CardBhai forum, we would like to advise you folks that, kindly De-link your credit card attached to your HDFC Bank Savings Bank Account.
What HDFC Bank Credit Card DSAs do is, they link the credit card account to your savings bank