$1.5 Billion ripped off from Indians
Credit Card companies operating in India have ripped off Rs 6,000 crore or USD 1.5 Billion in 10 years from innocent Indian consumers. The Rs 6,000 crore has been ripped off as EXTRA CHARGES.
In some cases, customers who happen to default repayment, the situation takes a unhealthy turn with the ‘goondas´ turning up on behalf of the bank.
Caution: Their is a Bangalore based company which claims to be set up for the welfare of Credit Card Holders, but when I went through the enrollment form it is asking for my Name,Address and Credit Card Numbers. Why do they want my credit card numbers ? Never disclose your credit card number and expiration date to anybody.
In some cases, customers who happen to default repayment, the situation takes a unhealthy turn with the ‘goondas´ turning up on behalf of the bank.
Caution: Their is a Bangalore based company which claims to be set up for the welfare of Credit Card Holders, but when I went through the enrollment form it is asking for my Name,Address and Credit Card Numbers. Why do they want my credit card numbers ? Never disclose your credit card number and expiration date to anybody.
1 Comments:
Every periodical/magazine/blog is highlighting the credit card menace in India and the rip off by banks by levying extra charges....
But tell me what is anybody doing about it? Is there a lobby which will redress this problem? Can we bring down the interest rates on cards, as we are the highest interest payers in the world?
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