Summary There are many misconceptions and misunderstandings among the common people regarding Credit Card settlement. Some people consider it an easy way out, while some consider it a complete solution. But when we look at the reality, it turns out that this option can be as dangerous as it looks easy. First of all, it […]
7 biggest misconceptions related to credit card settlement Read More »
Summary Credit Card Settlement is an option that is adopted when a person is unable to pay their credit card in full for some reason. In this process, the bank takes a certain amount from the customer instead of the full amount and waives off the remaining dues. At first glance, it seems like a
Is it right or wrong to do a Credit Card Settlement? Read More »
Summary The use of credit cards has become common nowadays, but sometimes, due to high expenses or a financial crisis, we are not able to pay on time. In such a situation, when the outstanding amount increases a lot, the bank gives the option of credit card settlement. Although this option provides relief, the settlement
How to reduce the credit card settlement amount? Read More »
Summary In today’s time, the trend of credit cards has increased a lot. It has made spending easier, but many times people use it without planning, which makes it difficult to pay the bill. In such a situation, when customers are unable to pay the full credit card dues, they have the option of “credit
Is it legal to settle your credit card? Know the RBI rules Read More »
Summary The use of credit cards has become very common in today’s time, but sometimes people are not able to pay on time, and the dues start increasing. In such a situation, one option is credit card settlement, in which the bank and the customer settle on a mutually-agreed-upon amount. This process stabilizes your financial
How to get closure letter from bank after credit card settlement? Read More »
Summary Sometimes, when a credit card holder is unable to pay the dues on time, the bank gives him a settlement offer, which is a proposal to settle the matter by paying less than the total outstanding amount. This may prove to be a convenient option, but there are some risks associated with it. Therefore,
What Happens If You Don’t Accept a Credit Card Settlement Offer? Read More »
Summary Credit Card Settlement is an option that provides relief in case of a financial crisis, but it also has many risks attached to it. When a person is unable to repay the loan and settles with the bank, it puts a “Settled” tag on his credit report. This tag can become an obstacle in
What are the common mistakes related to credit card settlement? Read More »
Summary Credit Card Settlement is a process that is adopted when the customer is unable to pay his dues in full. In this process, the bank and the customer decide a certain amount by mutual consent, after which the dues are considered over. However, many times people settle without understanding this process properly or on
Cheated in Credit Card Settlement? Here’s What to Do Read More »
Summary Credit card has become an essential financial tool in today’s fast-paced life. But sometimes due to excessive spending or not being able to pay on time, it becomes difficult for the cardholder to repay his dues. In such a situation, some people choose the option of Credit Card Settlement, in which the account is
Does Credit Card Settlement Affect Future Loans? Read More »
Summary Credit card settlement is one of the choices that can give a temporary respite in tough financial conditions. When credit card charges keep rising and timely payment is impossible, then this choice can be useful to you. But before implementing it, it is essential to keep certain things in mind, like contacting the bank
What are the quick tips for credit card settlement? Read More »
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