Took Credit Card loan and turned defaulter over payment of EMI? RBI helps you this way, says money expert Pankaj Mathpal
Took Credit Card loan defaulter: Availing loan on credit card is one of the options that many opt in the case of financial crisis. While it's advisable to pay one's Credit Card loan EMI on time, but sometimes due to the financial hardship, people fail to pay the timely EMIs.
Reserve Bank of India has made some guidelines that should bot be breached while asking for the credit card payment from the card holder. In the case of breach, the credit card holder can lodge a complaint against the bank. Photo: Reuters