In most developed countries they have 2 types of cards a)Debit Card - Using money from your current or normal bank account - no annual fee. b)Credit card - But no annual fee. c)Overdraft facility - addtional fee if used.
In India the customers are relying cheated. The banks try to charge customer for everything. The banks should do a credit check lending. Our systems and laws new amenments.
RE:Difference in developed nations!!!
by anita dongre on Oct 15, 2007 05:37 PM Permalink
Bank recovery agents even come to your door steps even though you have made the payment at the bank or dropped the cheques at the drop box. This incidence has happened to me several times, but I am not scared, when they come to my doorstep, First I tell the concerned person to GET OUT and I slam the door on their face.This is the best way to behave with the DSA concerned people who the bank appoints- Any individual does not have to get scared and commit suicide, as there are solutions to solve your financial problems. The banks have to take necessary care. Before giving loans to any individual, banks should take thorough care of the repayments in future and not harrass people who cannot repay and then take their lives. Why give loans to any individuals who does not have the capacity to pay - Banks are doing this to increase theie interests and members.
