Moratorium benefit for credit cards might be reversed

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14 Comments  |  
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God knows, what these people will do…

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sunnie wrote:

God knows, what these people will do…

This is why people are running away from this country.

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According to supreme Court
We are not borrowers so why to pay interest to credit card issuers?

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But i got around 5k exgratia for all my cards

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kirandr221996 wrote:

According to supreme Court
We are not borrowers so why to pay interest to credit card issuers?

Koi supreme court valo ko btaye, btw from electricity to tolls everything is free for them, ki people who were paying their bills on time during lockdown also deserve the same.
P.S. I don’t have a cc but I can understand how every cc owner must have gone through during lockdown.

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siva.murala378 wrote:

But i got around 5k exgratia for all my cards

It can be taken back.

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First time indian govt given some sort of help to the credit card users or tax payers but now that’s also taking back super

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siva.murala378 wrote:

First time indian govt given some sort of help to the credit card users or tax payers but now that’s also taking back super

What can you expect from any goberment in this country?

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billubakra wrote:

What can you expect from any goberment in this country?

I want to quit my job and go back to village get white card and non employment monthly money better to do this instead of paying 30% direct tax and 20-25% indirect tax

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siva.murala378 wrote:

I want to quit my job and go back to village get white card and non employment monthly money better to do this instead of paying 30% direct tax and 20-25% indirect tax

I will give you a better option, migrate to some developed nation. Settle in some rural area of that country, their rural areas are better than any metro city in this country and live a life with some standard of living. The greatest advantage will be clean environment.

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Supreme Court seems to be distinguishing between personal loans & credit cards even though personal loans actually come with much less interest rate than credit card outstanding. Maybe Supreme Court considered this point to decide that those taking personal loans are “real borrowers” while those using credit cards are doing it for benefits so they are “fake borrowers” as they do have the choice of not using credit cards & let go of benefits. e.g. home loan emi is different from taking a TV on emi using credit card.

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