Summary Credit cards have become an important part of life these days, but they can also cause trouble if not paid on time. When a person spends too much and is unable to pay the credit card on time, then one has to go for “settlement” with the bank. Settlement means -an agreement on the […]
Tips to Boost CIBIL Score After Credit Card Settlement Read More »
Summary Credit card has become a very useful financial tool in today’s time. Not only can shopping and payment be done easily, but it also helps a lot in emergencies. But when it is used without planning and beyond limits, it can turn into a huge debt. Many times, people are unable to pay the
Is it possible to settle your credit card? A true story Read More »
Summary Credit cards have become an important financial tool for people in today’s time, but sometimes, due to inadvertence or financial problems, we are not able to pay the credit card dues on time. In such a situation, the option of Credit Card Settlement comes up between the bank and the customer, in which a
Can I get a credit card again after a credit card settlement? Read More »
Summary Credit Card Settlement is a process in which the bank settles the loan by giving some concession if the full payment of the outstanding amount is not received. This can prove to be the last option for those who are struggling financially and are unable to repay the entire loan. Even though this facility
What is the best time to do a credit card settlement? Read More »
Summary Credit cards have become a convenient and useful medium in today’s time, but when it is not used properly, they can also cause trouble. Many times, people are not able to pay the credit card (Credit Card Legal Notice) on time, and gradually, the outstanding amount increases. If these dues are not paid for
How to handle Credit Card Legal Notice? Read More »
Summary Credit card has become a very convenient way of making payments in today’s time. When you make a big purchase and it is difficult to pay that amount at once, then the option of EMI (Equated Monthly Installment) is very useful. Through Credit Card EMI, you can divide your expenses into easy monthly installments,
How to convert Credit Card outstanding payment into EMI? Read More »
Summary Credit Card Settlement is a legal process in which the bank gives the customer a chance to reduce the outstanding amount by giving some discount. When a person is unable to pay his entire credit card dues, then the option of settlement can be adopted by talking to the bank. This gives some relief
Is Credit Card Settlement Legal? Read More »
Summary Credit Card Settlement can prove to be a relief option for those who are unable to pay their dues. However, it puts a “Settled” mark on your credit report, which may cause difficulties in getting a loan or credit card in the future. A settlement can drop your CIBIL score by 50-100 points, which
Is there a risk of being blacklisted due to Credit Card Settlement? Read More »
Summary Credit cards have become an important part of our daily lives nowadays, but if it is not used properly, they can cause harm instead of benefit. Many times, people spend more than necessary or are unable to pay the credit card on time due to some emergency, due to which the outstanding amount increases
How to settle credit card dues? Read More »
Summary Credit Card Settlement is done when the customer is unable to pay the entire outstanding amount and gets some discount from the bank. However, an important question arises in this, whether the bank charge interest on settlement? The answer to this depends on the customer’s situation, the bank’s policy, and the type of settlement.
Bank interest on credit card settlement Read More »
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