Consumer credit counseling is a big service field in India . It is a common problem for many persons in India to face a potential credit card debt. To show these persons the right way to act these credit card counseling services are in the scenario.
Every year, more than one million persons in India and elsewhere visit credit counselors or credit counseling agencies. They want help to get rid of their credit card debts and regain
financial control. But still Indian consumer credit counseling services is a mystery to many; they do not know their working processes and the services which you should get from them when
you hire them.
financial control. But still Indian consumer credit counseling services is a mystery to many; they do not know their working processes and the services which you should get from them when
you hire them.
First and foremost thing that you should know is that consumer credit counseling services do not work for you. They work for the lenders. This means that they might have a relationship
that will influence their advice. They will suggest loans from a specific lender as they probably get a commission from it.
Here we give you some hints about the working method of consumer credit counseling.
Suppose you visit a consumer credit counseling to get rid of your problem. They will convince the lender to decrease your interest rate- and yes, of course this is good. But the bad news is that you are still paying 90% of monthly payment to combat with credit card interest.
Here are some questions you should ask to your consumer credit counseling service agency.
* The first question you should ask is a money matter, meaning - how much will they charge you for their service. Many consumer credit counseling services even charge more than $100,
which will not go to any of your creditors. So be aware and ask your first question about their fees.
which will not go to any of your creditors. So be aware and ask your first question about their fees.
* Confirm that the consumer credit service you are to join is registered with a financial institution or not. Most of them don’t have any qualification to work with credit problems.
* Enquire about the services offered at your consumer credit counseling agency. Avoid companies which offer you a quick solution to your credit problems.
* Before joining any consumer credit counseling service, read testimonials and reviews of agencies previous or current clients. This step will surely help you to choose the right
consumer credit counseling agency. Most of the consumer credit counseling agencies have their official website, where you can find testimonials. If any friend of yours faced any financial
problem and ever visited any consumer credit counseling service, don’t hesitate to ask them. As they are experienced, they will help and guide you the right way.
With diligence, patience, time and proper credit counseling you
can become debt free.
In Saltlake area, Cat's Eye is working to combat such scenario for the local residents and counsel and provide legal helps. The Editor of the News Channel Solo Ana Parda Fans, Mr. Francis Chatterjee said that, a person named Mr. Sumit Sarkar resident of BL.266, Sector-2, Saltlake City met with such a problem and they have helped him. This case was a long run case and still under the sub-judice and decision is pending. The person has got a bill of Rs.21,632 despite of the return of the credit card without using it. There was continuous threat to the person from the Bank. The card was a State Bank Credit Card. He lodged a case with the help of Cat's eye and he didn't have to pay the sum which he had not borrowed from the bank. Clicksaltlake just have become their media partner to bring many more cases like this on the net available to the Internet world.
* Enquire about the services offered at your consumer credit counseling agency. Avoid companies which offer you a quick solution to your credit problems.
* Before joining any consumer credit counseling service, read testimonials and reviews of agencies previous or current clients. This step will surely help you to choose the right
consumer credit counseling agency. Most of the consumer credit counseling agencies have their official website, where you can find testimonials. If any friend of yours faced any financial
problem and ever visited any consumer credit counseling service, don’t hesitate to ask them. As they are experienced, they will help and guide you the right way.
With diligence, patience, time and proper credit counseling you
can become debt free.
In Saltlake area, Cat's Eye is working to combat such scenario for the local residents and counsel and provide legal helps. The Editor of the News Channel Solo Ana Parda Fans, Mr. Francis Chatterjee said that, a person named Mr. Sumit Sarkar resident of BL.266, Sector-2, Saltlake City met with such a problem and they have helped him. This case was a long run case and still under the sub-judice and decision is pending. The person has got a bill of Rs.21,632 despite of the return of the credit card without using it. There was continuous threat to the person from the Bank. The card was a State Bank Credit Card. He lodged a case with the help of Cat's eye and he didn't have to pay the sum which he had not borrowed from the bank. Clicksaltlake just have become their media partner to bring many more cases like this on the net available to the Internet world.
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