NEWS & ADVICE : CREDIT CARDS
Spoiled credit history? - Get a secured credit card
By Ankit Sharma
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A recent report by Reserve Bank of India indicated declining use of credit cards in India. The credit card count fell by 1.36 million between February 2008 and 2009 on a year-on-year basis. Besides, the credit card base also shrank by 359,000 in February.

The Indian Cards Council (ICC) revealed that the non-performing asset (NPAs) in the Indian credit card business has grown four times over the last fiscal year.

Are you one of those credit cardholders whose credit card limit has been reduced? Or you are unable to use your credit card due to bad credit history, or did the issuing bank cancelled your credit card?

Secured credit cards are a way out...

The article will help you in understanding the use of secured credit cards. You get to know how you can use this option to avail credit, buy when you have no cash, or improve your credit history.


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(Comments Posted : 2) Post Your Comments
1. I had no idea my credit was bad. The guys at Credit Sudhaar analysed my report. The process took some time but my credit was restored, enhanced and protected. I have no reason for complaints.
Sukhvindar singh (Posted: Jul 10, 2013)
2. Excellent and really informative article, on subject matter that is rarely dealt with in most online content related to credit cards. My credit history is probably appalling on account of the fact that I spent four years living like a hippy and with little responsibility. My financial position has now changed drastically however and so has my financial security, yet I find my self denied every card that I am eligible for simply because of my past credit history. This piece finally gave me some useful info. Thanks!
Shaun Schon (Posted: Nov 16, 2010)
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