Get Your Own Credit Report from CIBIL

A momentous moment in India’s retail lending history has just been ushered in very quietly. A few days ago Credit Information Bureau of India Limited (CIBIL), which is currently the only fully operational credit bureau in India, quietly introduced a manual system to provide consumers with their own credit history on a test basis. In […]

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Credit card: Debt trap

The topic “Credit card: debt trap”, the thought of writing this piece came to me because nowadays, I have been receiving a lot of all calls from various banks asking to take a credit card of their bank. And, to make it more lucrative, they have all these offers such as free insurance (not necessary), […]

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Credit card dues? No problem!

There is no doubt that credit cards are the most convenient mode of payment. If you use your credit card smartly, then you may shop your heart out as well pay the bill amount with ease. “But how?” is the big question. First and foremost, your income defines your shopping budget. Let say your monthly […]

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The only way…

The Consumer Unity & Trust society (CUTS) has failed in convincing the Reserve Bank of India to pull down credit card interest rates. You would think that the CUTS would get some sense knocked into its stubborn head after repeated failures. After all, it has been at this for over five years. And even it […]

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How is Interest calculated on Credit Cards?

Do you know that largest number of complaints registered with Banking Ombudsman is of credit cards? According to the Reserve Bank of India (RBI) Annual Report, the number of complaints in the year 2006-2007 increased by 22% from the year 2005-06. In 2005-06 the number of complaints received were 31,732 which increased to 38,638 in […]

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