We exposed the SaporDeals Online Fraud and since then we have been getting e-mails requesting to report the matter so that this can save other potential customers from going to this fraud website.
Pradeep Kumar Sharma, a Reader of our Advisory services has shared how he was taken for a Ride by SaporDeals.
I want to alert all readers that some part of my personal information of my SBI Credit Card was leaked and used for mis-selling of items by M/s Sapor Deal Karnal Haryana to me. On 13.01.2014, one phone call came on my mobile phone by a sales girl of above company, she told me Read the rest of this entry »
It is not uncommon to hear about free flow of Personal Information from the Banks / Financial Institutions because of poor security measures and checks in the banking industry which is very vital at this point of time. A reader of our Website, a corporate customer from Delhi NCR writes about his plight of bitter experience with ICICI Bank Credit Card seeking advise as follows, 
I am a credit card holder of ICICI Bank, my VISA credit card no is 43755XXXX490002. On 19.08.2013 Rs 70,000 has been debited from my credit card by fraud transaction. Even my mobile number has been changed without my knowledge. My mobile no is 7208877XXX but it is changed to 9967237891( I got to know this information from bank’s customer care). Among the fraudulent transactions, Read the rest of this entry »
It is not uncommon for us to see that Retailers and Banks offering Credit Cards come up with join promotional offers. One such offer that is open is from ICICI Bank offering 15% discount for shopping in UC Benetton Apparel store. A reader of our site shares his experience on how he was taken for a ride and there was absolutely no customer care from ICICI Bank. His plight is as follows, 
As per terms of offer advertised on ICICI bank website 15% discount [Screen Shot Available Here] was applicable on the purchases made with ICICI Bank credit card (goods value above Rs 3000). I made a purchase of Read the rest of this entry »
CIBIL , India’s premier credit bureau, has become a game changer for retail credit – the backbone of high-quality retail growth. CIBIL is probably one of the less-appreciated success stories of India’s financial sector evolution. It is today, probably the back-bone of the relatively high-quality and disciplined retail credit build out in India.
Satish Pillai, COO of CIBIL has shared some interesting insights, CIBIL has 160m credit accounts (300m product accounts). 90% of new retail credits are backed by Read the rest of this entry »
Kotak Mahindra Bank is the latest to expand its credit card offering but with heavy charges at every step you default. A reader of our Site writes to us about his woes and seeking guidance in using the Kotak Credit Card as follows, 
I had applied for a Kotak Mahindra Credit Card in the month of June and I received the card in the first week of July. I used the card and kept on making the payments on time. Everything was fine. Due to some reasons, I had to switch jobs, due to which the date of my salary changed drastically. From 7th or 8th of the month to 28th of the month. I was worried because my whole Read the rest of this entry »
A reader of our Advisory Services Writes to us seeking our Expert Advise on the Following Matter where the Consumer holds a Cit Credit Card. His Grievance is as follows, 
I had a Citi Bank Credit Card which I lost. Hence I requested for a for new credit card and bank dispatched the same as well but due to address issue, it was not delivered on my address. Hence bank cancelled my credit card as i didn’t receive it in 180 days from activation. Bank never informed me about this policy. After some time, i submitted address proof in the bank but they replied that they are unable to re-activate my credit card as 180 days are already past but they have informed me Read the rest of this entry »