Credit card debts!!!

4:16 PM Posted In Edit This 0 Comments »
Almost 70% of the people around the world own a credit card. It has become a part of our life but it is less known that it has been a big headache to the banks. Guess what?? Credit card debts around the world have just gone above 48 lakh crore rupees!!! (US$ 1,121,495,337,600). Britain is the most affected by this and it’s reported that the number of debtors have doubled in the last couple of years. In Britain alone it sums upto 4,48,000 crore rupees (US$ 112,228,193,760). It’s estimated that the debt would rise to 12,80,000 crore rupees (US$ 299,275,183,360 in Britain alone) in two more years. So all banks have started to find a solution for this. They have imposed strict measures and have drafted ways to find customers with proper details and needs. They hope that 40% of the debts can be cleared by this.

Well, the banks are here to help us but people misuse its advantages. In the end it is us who are affected. So lets clear our debts if we have any.

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