Jul 23, 2020
According to data provided by The Reserve Bank of India, the number of credit cards in use has increased to 4.9 million from May 2019 from 38.6 million in 2018. The tremendous increase in the usage of credit cards is driven by convenience offered by credit cards accompanied by the growth of digital. However, credit cards are a double-edged sword, and not honoring your debts on time can lead to mountain debts piling up over time.
Must Read:Credit Card Loan vs. Personal Loan
Log into the website of the loan provider, understand the fine print, and calculate the loan amount you are eligible before making a decision. Take a baby step towards debt-free living!