We have been discussing the various issues related to the Credit Card from time to time in this discussion Board but so far nobody has raised Point for the Question with regrads to the Guidelines related to Mutuallu agreed Settlement of Outstanding credit card between the Credit Card Holders and the Credit Card Company, In most of the cases, credit Card Holders agrees to the Settlement Terms and make the payment to the Credit card Company - but Real Problem starts as even after complete re-payment of Settlement Amount, credit Card Company keeps on sending the Statement, moreover, Third party Agenst the use un-parliamentary languages to the Credit Card Holder but the matter doesn't ends here, THE NAME OF THE CREDIT CARD HOLDER APPEARS in C.I.B.I. and in later course, whenever, such Credit Card Holder goes to any financial instituese for seeking Housing Loans, Term Loans, Personal Finance, he comes to know the how he has been screwed up - If this stand true than why double standards - Credit Carder might be having multiple reason to go for the settlement and it doesn't mean that he is a CHOR, THUGS ... My dear Friends, why you wouldn;t think fit that this burning issue may be brogught forward for on the discussion board and public opinion be generated and regulation to this effect may be made clear keeping in mind both the parties concerned.???
