If you jump in the well you will die instantly. If you borrow from heavy interest and late payment and penalty levying banks, you will die a slow and miserable death!! You will become a vegetable if you are unable to pay your credit card or personal loans to banks. Will the Finance Minister or RBI take note of my statement seriously ? Before you borrow, better you learn wrestling from the WWF.
People fall in debt trap because of ignorance & stupidity. I had been there, and I am wiser now, thanks to that experience. It's human nature to blame everybody but oneself. All that matters is how you perform during such difficult times.
RE:Get to the bottom of the problem
by Sridharan Ke on Mar 25, 2007 09:13 PM Permalink
Marketing strategies of present times deliberately work on how to lure pepole. They dont care about any ethics, will use any kind of trap, will tell big lies. Would you agree to that mentality?
RE:ICICI bank
by Sridharan Ke on Mar 25, 2007 09:09 PM Permalink
They wont do that. Their (and all other in their cadre) intention is to keep service ethics as they like and to make a good face pretend to be customer loyal by this kind of acts. We are seeing this from all corporates. The concept of customer service department came up because customer complaints increased gigantically.
Dear All I am one of the first users of Citibank and Standard Chartered Bank Credit Cards. I have gone through few of the pains mentioned in this column. Only geelfull aspect is I hade been vigilant so these banks have not been able to dupe me. I would be glad to be aprt of the team of counsellers at Bangalore. Is it Possible for common man like me to be part of such team based on my experience.
RE:Credit Card usage
by Sunil Ponting on Mar 24, 2007 03:51 PM Permalink
man trust me these banks scr** u so smoothly that one cant even imagine where he/she wud land from their credit cards i had a very bad experience with SC overseas almost lost my FD with these ppl stay away from them
RE:Credit Card usage
by Koushik Paul on Mar 24, 2007 07:05 PM Permalink
Standard Chartered is a bunch of unethical morons, wolves in disguise. Thay have no idea whatever they say and ethics is an alien word for them. You may beg or borrow, but stay away from these sharks.
RE:Credit Card usage
by jailab eqbal on Mar 24, 2007 07:34 PM Permalink
you can also add a few other "LEADING" banks why only std chortered? all these shylocs should be kicked out of this country the standered practice is they do not send the statements regularly and after a gap add interest on the payments made by you and "late fee"
Here I want to mention that a Group of finance professional also doing the counselling and helping in reworking of loan repayments free of cost . Presently it s operating in mumbai . We have noticed that financial trouble is the single most important reason for mental tension. Specially in age group 25-35 with fast salary coming without any financial discipline the results can be catastrophic .So freinds if any one of you feel that she/he is in debt trap don't hide it , take professional help . Any body needing any help in this regardscan contact at moortik@gmail.com.
Please open a Abhay centre in Kolkata. Please trust me, this will help many people, who voluntarily or involuntarily, was being pulled into such financial doldrum. Can you please act faster to help the people of kolkata. Wish you good luck. Regards, anup
Guys never go to pvt banks...you smile and njoy while taking the loan...but cry all the while paying back coz of their scrupulous dealings...i always go to the nationalised banks...you cry once while taking the loan but you are assured aboout the calculations and banking practice. Regards Jayant
RE:pain once then smile later
by Dimension Four on Mar 23, 2007 06:09 PM Permalink
I failed to take any loan form any nationalised banks, contacted with SBI,BOB,Bank of India in several brances but turned down. How every form my profile any private/foreign banks would reaady give me a loan. I am not critisizing any public or private banks but it is upto individual to understand its situation. For further I could be contacted on dimension_4@rediff? Is Banker's from public sector listinging
RE:pain once then smile later
by Koushik Paul on Mar 24, 2007 07:09 PM Permalink
You are absolutely right. In my case, while Pvt banks are falling over each other to make me take that housing loan, the first public sector bank I went to, turned down my request. Never thought of going back there again...
I do agree that it is a great move by bank of india, i was ofeered a loan by ICICI which i gleefully accepted and still i am paying it back thru my credit card , i am unbale to preclose it as the bill gets generated along with my credit card statement and the bank is just awaiting as to when i make a late payment or default it s o that it can make a fast buck. The point i want to make is none of the banks should not send a cheque/offer letter to someone whom they think is a good borrower, and if anyone needs a loan there should be a signed letter requesting for the same to the banks.
RE:Tempting offers but...
by Dimension Four on Mar 23, 2007 06:11 PM Permalink
Pls call ur call centre and ask for foreclosure amount on a prefixed that. You would get the amount with total details. Pay it accordingly and you would see that the loan is closed. Please do not foreget to take ref no. every time you call a call centre of any bank. regards
What if one having multiple credit cards & using without giving much thought interest component & running into bad debts. How can one take care of such situation...? why after having 2 or 3 credit cards, still Banks issues fresh cards to the customer..? Does the reward points & cashback is one type of temptations to spend more...? what you say...Sir..?
Rather than starting couselling services for customers, they should think of running ethical training classes for their own employees including managers who have just switched over to total cheating methodoligies now a days. Also required is make a strong and quick redressal body whom customer can approach easily and get fair and speedy solutions. Banks once found commiting faults should be treated with extreme harshness comprising of heavy multiple compensations to customers and penalties on bank. I am saying so because its never easy to fight with banks on everyday basis and its not the only job customers have in their day to day life.
RE:Corrupt banks
by Dimension Four on Mar 23, 2007 06:14 PM Permalink
Agree with you. We could try www.core.nic.in Banking Ombudsman should be made more effective. regards
