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Indian Credir card Holders

Recently the supreme court of India directed the Federal Bank of India, to credit card issuing banks to avoid outsourcing to collect the money from defaulters. This given a sigh of relief and card holders also started to repay the dues.

Comments

  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    This is a UK based forum, so you may be wasting your time posting issues specific to India here.
    "You were only supposed to blow the bl**dy doors off!!"
  • NickX
    NickX Posts: 3,046 Forumite
    Recently the supreme court of India directed the Federal Bank of India, to credit card issuing banks to avoid outsourcing to collect the money from defaulters. This given a sigh of relief and card holders also started to repay the dues.

    I very much doubt this will happen in the UK.

    I would also very much doubt that, should such action occur in UK, the card holders here would be encouraged to repay their dues.
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