Summary Credit Card Settlement is done when a person is unable to pay the full dues of his credit card and requests the bank to waive off some amount as relief. This may seem beneficial in the short term, but it has a negative impact in the long run, especially on the chances of getting […]
How does Credit Card Settlement impact future loans? Read More »
Summary A settlement of a credit card adversely impacts your CIBIL score, which makes it difficult to get a loan or an additional credit card in the future. But it is possible to correct it by following the right procedure. Firstly, you must verify your CIBIL report and contact CIBIL to correct any mistakes. Also,
How to Improve CIBIL Score after Credit Card Settlement? Read More »
Summary Credit card settlement is a process in which the bank takes a part of your dues and forgives the rest. However, this can harm your credit score and make it difficult to get a loan or a new credit card in the future. Therefore, it is important to adopt the right strategy to repay
How to do credit card settlement without spoiling your credit score? Read More »
Summary The right use of credit cards can strengthen our financial position, but if it is used carelessly, it can also cause a debt burden. When the credit card bill is not paid on time, the interest and penalty increase, making it more difficult to repay the loan. In this situation, people have two options
What is the difference between Credit Card Settlement and Full Payment? Read More »
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