Credit Card Settlements ?
March 19, 2010 by admin
Filed under credit card
I have Credit Card with an outstanding of around 1 lacs. Can I close this card with settlement and with some discount or waiver of interests. I want to be a customer of bank in future too. Please help me options as what to say to Bank in order to settle the amount. Also If some amount is decided Do I need to pay the amount in one go or I can pay in installments. Plesae help me from heavy interests rates.
Thanks!
Kush
all good on Fri, 19th Mar 2010 7:50 pm
I don’t think Bank will give you second chance, so do not think to be same Bank customer in future.
The best you can do close this card with settlement.
Remember you use the card and you have to pay heavy interests.
It is hard but is good to know before you start using the credit card that one day you have to pay this money.
You have to know every time you are late interests go up and after some times it is impossible to cathc up with this payments.