Credit Ratings

sunandaC

Sunanda K. Chavan
:SugarwareZ-211::SugarwareZ-180:

The average Indian shopper is likely to have an average of 2 credit cards in his wallet. These cards are sometimes a suprise gift which the consumers did not seek few years ago. The logic behind having more credit cards is that the more you will feel in availing the offers on each of them.

The Indian psyche towards money is always conservative. But now the scenario is changing. It is expected to be essentials before you find a life partner. For the ones who do not make prompt payments debt can mount in accelerated proportions.

This is the time when recovering personal loan and debt from concumers is difficult. A service that wil provide individual account activity details is going ot be launched by CBIL which will be available to to consuemer sooner. Hence the way yuou use credit card is gonna determine your rating. Hence then make sure you choose a credit card that suits you the most.
 
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