2006-10-18 22:30:30 · 2 answers · asked by Jkasks 1 in Business & Finance ➔ Credit
Fortunately the staurn is less successful so far in India. Despite several attempts to enslave millions and take their personal freedom, financial tracking etc by the creedit card companies, they could not bring the culture of enslaving as in USA.
Here u can defraud a credit card ( In practicse the credit card company charging somewhere 70 to 90% Interest. then apply a new credit card also here when u want loans for home car business etc, no body asks u wheather u have a credit card and what is ur score stc.
U R given credit based on ur repayment capacity. No Credit scores. We do not want that saturn in our land. But they may one day succeed. Do U know citi bank, others hire goondas, criminals in india to run their credit card business. They may even consider recruiting Gutanamo bay prisoners. This is no joke full truth.
2006-10-19 00:11:43 · answer #1 · answered by Loganathan Raja Rajun R 3 · 0⤊ 0⤋
There are no ratings on individual in India so far. However there exists an organisation known as CIBIL ( Credit information bureau of India Limited) wherein its members can obtain information on loans availed by individuals, loans outstanding and its status. It is not yet fully grown but acting as a medium for exchange of information.
2006-10-22 01:30:24 · answer #2 · answered by cvrk3 4 · 0⤊ 0⤋